Standard Chartered Appointed Digital Asset Custodian for 21Shares ETPs

Standard Chartered has been appointed as the digital asset custodian for 21Shares, a major issuer of cryptocurrency exchange-traded products (ETPs).
This partnership signifies the increasing involvement of traditional financial institutions in the crypto market by offering bank-grade custody for digital assets.
The custody platform is regulated in Luxembourg by the CSSF, providing secure and compliant solutions to institutional investors in Europe.
Margaret Harwood-Jones from Standard Chartered emphasized the bank's commitment to supporting digital asset-linked products and achieving high safety and compliance standards.
Previously, 21Shares had selected Zodia Custody, backed by Standard Chartered and other financial firms, for their crypto products.
21Shares, known for physically backed crypto ETPs, manages approximately $8 billion in assets and has expanded its offerings across Europe.
Standard Chartered's move highlights the trend of traditional banks integrating with crypto markets to meet institutional demands for security and compliance.