Banks Pull Crypto Custody In-House
Large banks will keep acquiring or building regulated crypto custody inside their own balance sheets, pushing specialist custodians toward technology-supplier roles and making bank supervisors the main gatekeepers of institutional crypto holdings.
forming · confidence 40 · Emerging (watchlist) · tracking since October 22, 2026 · updated October 22, 2026
Why the conviction moved
- Oct 22Strengthened +6
Standard Chartered signed a deal to fold Zodia's regulated custody business into its securities services unit and spin Zodia's infrastructure business out under SC Ventures. A global bank is taking custody onto its own supervised platform while the specialist's technology side becomes a supplier, which is the pattern the thesis describes.
Source trail
Supporting · October 22, 2026
Standard Chartered Signs Deal to Absorb Zodia Custody as Kalshi and BitGo Open Bitcoin-Backed Margin Loans
Standard Chartered signed a deal to fold Zodia's regulated custody business into its securities services unit and spin Zodia's infrastructure business out under SC Ventures. A global bank is taking custody onto its own supervised platform while the specialist's technology side becomes a supplier, which is the pattern the thesis describes.
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