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6 clusters · 47 sources · 26 days · First seen 28 days ago · Last updated 3 days ago

Standard Chartered digital asset and tokenization expansion

Overview

Standard Chartered is advancing its integration of digital assets and tokenization into institutional financial services. A report by the bank and consultancy Zanders indicates that corporate treasury departments are increasingly viewing tokenization as a strategic tool for liquidity management, with the tokenized money market fund sector reaching approximately $13 billion. The report suggests that tokenized deposits, regulated stablecoins, and tokenized securities could enable continuous cash movement and near real-time settlements, potentially replacing traditional banking cycles. Notable contributors to this sector include BlackRock’s BUIDL fund and Franklin Templeton’s OnChain US Government Money Fund.

In Singapore, the bank is expanding its digital asset custody services to integrate cryptoassets, stablecoins, and tokenized real-world assets into a regulated framework for institutional and accredited corporate clients. This follows the acquisition of Zodia Custody’s regulated business and a partnership with Anchorage Digital Singapore, which adds institutional USD accounts and SWIFT transfer capabilities. These services operate under the oversight of the Monetary Authority of Singapore (MAS).

In the United Arab Emirates, the bank has expanded its digital asset footprint through its Dubai International Financial Centre (DIFC) branch, regulated by the Dubai Financial Services Authority (DFSA). The bank has launched institutional custody for Ripple USD (RLUSD) on the XRP Ledger and a cryptocurrency trading solution for affluent and professional investors, approved by the Virtual Assets Regulatory Authority (VARA).

Standard Chartered has recently moved to formalize its digital asset infrastructure by signing definitive agreements to acquire 100% of Zodia Custody UK Limited. This acquisition will integrate Zodia’s regulated custody operations across Singapore, Hong Kong, Australia, the UAE, and Luxembourg into the bank’s Securities Services division. Concurrently, Zodia’s software and professional services assets will transition to Zodia Solutions, an independent entity operating under SC Ventures.

Entities

Zodia Custody · Standard Chartered · LMAX Group · SC Ventures · Zodia Solutions

Claims

What the coverage asserts, and how many sources carry each claim.

[● 12 SOURCES] Standard Chartered has launched institutional custody services for Ripple's RLUSD stablecoin through its Dubai International Financial Centre (DIFC) branch.
[● 12 SOURCES] Standard Chartered is collaborating with Ripple and LMAX Group to allow RLUSD held in custody to be used as trading collateral via a mirroring model.
[● 5 SOURCES] RLUSD has a market capitalization of approximately $2.4 billion to $2.45 billion.
[● 3 SOURCES] Standard Chartered signed definitive agreements to acquire 100% of Zodia Custody UK Limited. crypto.news · www.blocktempo.com · cointelegraph.com
[● 3 SOURCES] Zodia Custody operates regulated entities in Singapore, Hong Kong, Australia, the United Arab Emirates, and Luxembourg. crypto.news · www.blocktempo.com · cointelegraph.com
[● 3 SOURCES] Zodia’s regulated custody operations will be integrated into Standard Chartered’s Securities Services division. crypto.news · www.blocktempo.com · cointelegraph.com
[● 3 SOURCES] Zodia’s software and professional services assets will operate under Zodia Solutions under SC Ventures. crypto.news · www.blocktempo.com · cointelegraph.com
[● 3 SOURCES] The acquisition is subject to regulatory approvals and customary closing conditions. crypto.news · www.blocktempo.com · cointelegraph.com
[● 3 SOURCES] Zodia shareholders accepted a nonbinding offer in May. crypto.news · www.blocktempo.com · cointelegraph.com
[● 2 SOURCES] Ripple's RLUSD supply grew by approximately $765 million during the third quarter.
[● 2 SOURCES] Standard Chartered plans to offer digital asset custody services in Singapore.
[● 2 SOURCES] TrustLinq enables RLUSD-funded bank payments to over 190 countries and 80 currencies.

Timeline

3 days ago

[BUSINESS] 2 sources
Standard Chartered to acquire Zodia Custody
Standard Chartered has signed a binding agreement to acquire 100% of Zodia Custody, integrating its digital asset services into the bank’s Securities Services division.
5 days ago

[BUSINESS] 7 sources
Standard Chartered to acquire Zodia Custody
Standard Chartered has signed an agreement to acquire 100% of Zodia Custody, integrating its regulated crypto custody operations into the bank's Securities Services division.
13 days ago

[BUSINESS] 16 sources
Standard Chartered launches crypto trading for UAE wealth clients
Standard Chartered has launched a crypto trading service for wealthy clients in the UAE and implemented RLUSD custody services in partnership with Ripple and LMAX Group.
15 days ago

[BUSINESS] 21 sources
Standard Chartered launches RLUSD institutional custody in Dubai
Standard Chartered has launched institutional custody for Ripple's RLUSD stablecoin in Dubai, with plans to enable its use as trading collateral through a partnership with LMAX Group.
19 days ago

[BUSINESS] 7 sources
Standard Chartered expands digital asset custody in Singapore
Standard Chartered is launching regulated digital asset custody services in Singapore for institutional clients, integrating crypto and tokenized assets with its traditional financial services.
28 days ago

[BUSINESS] 2 sources
Standard Chartered report highlights tokenization's role in corporate treasury
Standard Chartered and Zanders report that corporate treasuries are shifting toward tokenization to enable real-time cash movement and improved liquidity management via digital assets.

Sources

ad-hoc-news.de · ambcrypto.com · asianbankingandfinance.net · bitcoinworld.co.in · bittimes.net · biztoday.news · blockcast.it · blocktempo.com · blockzeit.com · blog.coincodecap.com · btc-echo.de · btcwires.com · chainwire.org · coindeskjapan.com · coindoo.com · coinpedia.org · coinpost.jp · cointelegraph.com · comparic.pl · consultancy.eu · criptotendencias.com · crypto.news · cryptobriefing.com · cryptopolitan.com · cryptoslate.com · decrypt.co · dmarketforces.com · en.bitcoinsistemi.com · fintechnews.ch · fintechnews.sg · forexlive.com · globalcryptopress.com · insidebitcoins.com · it-boltwise.de · koinbulteni.com · livebitcoinnews.com · mid-east.info · neweconomy.jp · news.bitcoin.com · news.trijo.co · phocapblockchain.net · sondakika.com · techafricanews.com · thaipr.net · thetechnologyexpress.com · timestabloid.com · tokenpost.com

This summary has been updated 6 times: see revision history