Standard Chartered to offer crypto custody to institutional clients via Zodia
In brief
- Standard Chartered will offer custody for selected cryptoassets to institutional clients, Crypto Briefing reported.
- The offering runs on Standard Chartered's Zodia Custody platform, according to the report.
- Zodia supports more than 75 cryptoassets and tokenized assets, Crypto Briefing said.
- Crypto Briefing framed the move as part of banks' growing push into digital assets.
What Standard Chartered announced
Standard Chartered will offer custody services for selected cryptoassets to its institutional clients, according to Crypto Briefing's report. The outlet didn't quote or link a statement from the bank, so this account rests on Crypto Briefing's reporting.
Crypto Briefing described the move as part of the bank's broader strategy to integrate digital asset custody into its regulated banking infrastructure. That last part matters. Crypto Briefing doesn't present custody as a side project; it ties the service directly to the bank's regulated banking setup.
Zodia is the platform
The custody offering uses the Zodia Custody platform, according to Crypto Briefing, which describes Zodia as Standard Chartered's own platform.
Crypto Briefing reported that Zodia supports more than 75 cryptoassets and tokenized assets. That's a wide range. It isn't necessarily what institutional clients will get, though: Standard Chartered's offering covers "selected" cryptoassets, and the report doesn't say which ones made the cut (or when the service goes live).
The asset list is still the missing piece.
The bigger picture, per Crypto Briefing
Crypto Briefing placed the announcement within a growing trend of traditional financial institutions entering the digital asset space. A bank holding cryptoassets for institutional clients inside regulated infrastructure is the kind of step the outlet is pointing to.
Crypto Briefing also wrote that developments on regulatory approvals for Zodia Custody's operations could affect market sentiment. That's the outlet's own commentary, not a forecast from the bank, and the report doesn't spell out which approvals it means.
What's on the record today is simpler: a custody offer for institutional clients, built on Zodia.
Frequently asked questions
What platform will Standard Chartered use for crypto custody?
According to Crypto Briefing, Standard Chartered's custody offering uses its Zodia Custody platform. Crypto Briefing reported that Zodia supports more than 75 cryptoassets and tokenized assets.
Who can use Standard Chartered's crypto custody service?
Standard Chartered announced the custody services are for its institutional clients and cover selected cryptoassets, as reported by Crypto Briefing. The outlet described the move as part of the bank's strategy to integrate digital asset custody into its regulated banking infrastructure.
