Managing an asset of 738 billion dollars, Schroders is preparing as part of its digital asset studies.
An anonymous source, who asked not to be identified because of the mention of a confidential process, said Zodia Custody Ltd, which is mostly owned by Standard Chartered Plc, has been shortlisted by Schroders as potential suppliers.
Schroders Acquires Minority Share of Forteus in 2022
The London-based firm stepped into the industry by purchasing a minority stake in digital asset manager Forteus in July last year.
At the time, Schroders said it plans to provide customers with access to Forteus’ capabilities where appropriate. In the agreement announcement, Schroders Chief Executive Peter Harrison said that blockchain technology represents a new aspect of technological and financial innovation.
In its latest annual report, published in March, Shcroders announced that they are seeking a board member with experience in areas such as fintech and crypto to replace the outgoing executive, Damon Buffini.
“Given the potential transformative impact that blockchain technology can have, we want to expand our understanding of the infrastructure that may be required to support emerging digital asset classes,” a company spokesperson said. The spokesperson, who did not comment on hiring the crypto custodian, said the company is always exploring different areas.
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