Wu said that, according to the Hong Kong Commercial Daily, Standard Chartered Bank's crypto custody company Zodia Custody has established a strategic partnership with Huaying Holdings. Zodia Custody will provide Huaying Holdings with solutions including wallet management and asset protection, and Huaying Holdings' clients will receive bank-grade and regulatory-compliant custody services. Huaying Holdings is a financial services company that provides traditional and virtual asset solutions specifically for high-net-worth clients and institutional investors.