Standard Chartered Launches Crypto Custody Services
in Europe
Standard Chartered Launches Crypto Custody Services in Europe
British bank Standard Chartered is offering more digital asset services, this
time with crypto custody for EU• Объект организация » Организации по алфавиту » Организации на Ев » Евросоюз clients.
By Mat Di Salvo
Jan 10, 2025 Jan 10, 2025
2 min read
Image: TungCheung / Shutterstock.com
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Multinational bank Standard Chartered announced Thursday that it had formed a
new entity offering crypto and digital asset custody services in the European
Union• Объект организация » Организации по алфавиту » Организации на Ев » Евросоюз.
The news comes after the firm in September launched digital asset custody
services in the United Arab Emirates. And last year, the British bank became
one of the first global banks to enter spot crypto trading, with Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin and
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum trading desks.
“We are really excited to be able to offer our digital asset custody services
to the EU• Объект организация » Организации по алфавиту » Организации на Ев » Евросоюз region, enabling us to support our clients with a product that is
changing the landscape of traditional finance, whilst also providing the level
of security that comes with being an appropriately regulated entity,” said
Standard Chartered Global Head of Financing and Securities Services Margaret
Harwood-Jones, in a statement.
The new custody service will “serve growing client demand,” the bank said, and
will be based in Luxembourg. Standard Chartered did not immediately respond to
Decrypt ’s questions.
In the digital asset space, custody services take care of storing digital
coins—a complex process that can frustrate and perhaps frighten many would-be
investors.
Standard Chartered added it had appointed Laurent Marochini—who formerly
worked at Societe Generale• Объект организация » Организации по алфавиту » Организации на Со » Сосьете Женераль Securities Services—as the CEO of the Luxembourg
entity.
The EU• Объект организация » Организации по алфавиту » Организации на Ев » Евросоюз has strict rules on digital assets. The 27-nation bloc in 2023 set up
tighter regulation frameworks for the industry, with its Markets in Crypto
Assets (MiCA) law heavily focused on regulating assets that have long
concerned lawmakers, such as stablecoins .
Edited by Andrew Hayward
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