Standard Chartered has been appointed as the digital asset custodian for 21shares, a major provider of crypto Exchange Traded Products (ETPs). The partnership is intended to strengthen 21shares’ institutional services, which include a wide selection of crypto investment products and risk management tools.
Through this collaboration, 21shares will use Standard Chartered’s digital asset custody service based in Luxembourg. This service is registered with the Commission de Surveillance du Secteur Financier (CSSF), providing a secure and compliant platform for storing digital assets.
Margaret Harwood-Jones, Global Head of Financing and Securities Services at Standard Chartered, said: “We are excited to offer our digital asset custody services to ETP providers and other institutions, enabling them to meet the highest standards of safety and compliance. Working with 21shares as their digital asset custodian allows us to extend our expertise into the fast-evolving digital asset ecosystem and support digital asset-linked products, providing institutional investors with the assurance they require.”
Mandy Chiu, Global Head of Product Development at 21shares, stated: “Partnering with Standard Chartered marks an important milestone in our continued mission to bring institutional-grade infrastructure to the digital asset ecosystem. As one of the world’s most trusted financial institutions, Standard Chartered brings deep expertise in cross-border banking, risk management, and custody. Their support strengthens our ability to meet the evolving needs of institutional investors, providing compliant and transparent access to the crypto market.”
Standard Chartered Luxembourg is registered as a Virtual Asset Service Provider (VASP) in Luxembourg for offering digital asset custody services.
Founded in 2018, 21shares introduced what it describes as the world’s first physically-backed crypto ETP. The company aims to make cryptocurrency more accessible for investors by bridging traditional finance with decentralized finance. It operates as a subsidiary of FalconX.
More information about 21shares can be found on its website: www.21shares.com.