Key Notes

Traditional banking giant Standard Chartered will now safeguard 21Shares' crypto-backed products through its Luxembourg-regulated platform.

The custody switch from crypto-native Zodia to a TradFi bank signals evolving institutional preferences in digital asset security.

This partnership exemplifies 2025's trend of legacy financial institutions claiming larger roles in cryptocurrency infrastructure.

Standard Chartered has been appointed as the new digital asset custodian for 21Shares, a leading issuer of cryptocurrency exchange-traded products (ETPs).

This partnership highlights the growing involvement of traditional financial (TradFi) institutions in the crypto market by providing bank-grade custody for digital assets, now backing the 21Shares products. This looks like a new

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