Standard Chartered’s TP ICAP mandate inserts bank custody and settlement into wholesale digital-asset execution

Standard Chartered’s 4 March 2026 appointment matters because it places a named bank custodian and settlement agent inside TP ICAP’s matched-principal digital-asset venue stack.

Standard Chartered’s 4 March 2026 appointment matters because it places a named bank custodian and settlement agent inside TP ICAP’s matched-principal digital-asset venue stack.

That is stronger than a generic partnership because it shows execution, custody, and settlement being separated in a live institutional workflow.

The Singapore relevance is real but qualified: the appointment does not establish a new Singapore venue or regulatory approval, but it sits alongside Standard Chartered’s Singapore tokenised-deposit work.

The March 4, 2026 appointment matters because TP ICAP’s UK-based Fusion Digital Assets is shifting to a matched-principal model that separates execution from settlement, while Standard Chartered is simultaneously extending Singapore-linked tokenised-deposit capabilities.