Zodia Custody, a cryptocurrency custodian under Standard Chartered Bank, has started operations in Singapore

ChainCatcher news, according to CNBC, Standard Chartered's crypto custodian Zodia Custody began operations in Singapore on Tuesday, aiming to capitalize on the country's rapidly growing digital asset market. According to Zodia in a press release, this development makes it the first entity owned by a bank and collaborating with banks to provide digital asset custody services for financial institutions in Singapore. Zodia stated that it hopes to expand its business across the Asia-Pacific region to meet the growing demand from institutions for bank-grade digital asset custody and the needs of its existing clients in the region.