21Shares taps Standard Chartered for custody as TradFi tightens grip on crypto
NeutralCryptocurrency
- Standard Chartered has been selected to provide digital asset custody services for 21Shares, marking a significant step in traditional finance's increasing involvement in the cryptocurrency market. This partnership raises questions about the future role of Zodia Custody in the evolving landscape of digital asset management.
- The collaboration with Standard Chartered is crucial for 21Shares as it seeks to enhance its credibility and operational capabilities in the competitive crypto space, especially as it expands its offerings and navigates regulatory challenges.
- This development reflects a broader trend where traditional financial institutions are increasingly integrating with cryptocurrency services, indicating a shift in market dynamics and investor confidence in digital assets, as evidenced by 21Shares' recent expansion of cryptocurrency exchange-traded products in Europe.
— via World Pulse Now AI Editorial System
