Standard Chartered Bank (Singapore) Limited has announced plans to introduce digital asset custody services for institutional and accredited corporate clients in Singapore, subject to applicable regulatory requirements.
The initiative comes in direct response to accelerating demand from institutional investors for secure, bank-grade infrastructure to safeguard digital assets. Under the planned service, the bank will offer custody for select crypto assets, stablecoins, and tokenized real-world assets (RWAs).
The move builds on Standard Chartered’s ongoing global digital asset expansion, following similar launches in key financial centers, including the United Arab Emirates, Luxembourg, and Hong Kong. By extending its footprint to Singapore, the bank reinforces its strategy to connect traditional finance with tokenized markets across major regulated jurisdictions.
In Singapore, the upcoming custody offering will complement the Bank’s broader Financing & Securities Services platform. This integration will allow institutional clients to manage the full lifecycle of their assets—from traditional securities servicing to the safekeeping and tokenization of digital assets—within a unified, regulated framework.
Patrick Lee, CEO of Singapore and ASEAN & South Asia at Standard Chartered, emphasized that robust infrastructure is critical to supporting the secure movement and servicing of tokenized assets at scale. Ole Matthiessen, Global Head of Transaction Services & Digital Assets, added that secure custody remains a cornerstone of the digital asset ecosystem, providing the institutional safeguards necessary to drive broader market adoption.
