21Shares taps Standard Chartered for custody as TradFi tightens grip on crypto
Market Intelligence Analysis
AI-Powered21Shares has partnered with Standard Chartered for digital asset custody, indicating a significant move by traditional finance (TradFi) into the cryptocurrency space. This collaboration may lead to increased institutional confidence in crypto assets, but it also raises concerns about the competitive landscape for existing custody providers like Zodia Custody.
Market impact analysis based on bullish sentiment with 70% confidence.
Article Context
Standard Chartered will provide digital asset custody for 21Shares, signaling deeper TradFi expansion into crypto and raising questions about Zodia Custody’s future role.
Analysis and insights provided by AnalystMarkets AI.