Standard Chartered Expands Crypto Custody to Singapore
Banking giant Standard Chartered plans to launch institutional crypto custody services in Singapore, building on its existing digital asset operations. The announcement, made Thursday, details a proposed service covering a range of digital assets for institutional and accredited corporate clients.
Specifically, Standard Chartered intends to support selected cryptocurrencies, stablecoins, and tokenized real-world assets (RWAs). This expansion positions the bank to serve growing demand from institutions seeking secure storage solutions for digital assets within a regulated framework.
The bank currently operates similar digital asset infrastructure in the United Arab Emirates. Singapore’s regulatory environment and status as a key financial hub make it a logical next step for Standard Chartered’s custody ambitions. Details regarding the specific regulatory approvals needed for the Singapore service were not disclosed in the initial announcement.
This move reflects a broader trend of traditional financial institutions entering the crypto space, driven by client demand and the increasing maturity of the digital asset market. Custody services are a critical piece of infrastructure for institutional adoption, providing the security and compliance necessary for large-scale investment.
Market context
Market data reflects conditions at publication time and is not updated in real time.
Data captured at: Oct 9, 2026 00:12 (Tehran)
Likely market impact
| Segment | Outlook |
|---|---|
| Bitcoin | ▲ Positive |
| Ethereum | ▲ Positive |
| Altcoins | ▲ Positive |
| Short term | ● Neutral |
| Long term | ▲ Positive |
Spot prices at publication
Fear & Greed Index
Source: Bitcoin.com News