Banking Titans Dominate Digital Asset Custody: Standard Chartered Leads the Charge

A significant shift is underway in the world of digital assets as traditional banks are now taking a more direct role in custody services, pushing crypto-native firms to adapt. A prime example is Standard Chartered’s recent move with 21Shares, where it has been entrusted with safeguarding the firm’s digital assets. This marks a major departure from previous practices, signifying a broader trend where global banks are stepping into the digital asset space directly instead of relying on subsidiaries for custody management.