back Back

Standard Chartered launches crypto custody services in Europe

By Gloria Methri

January 13, 2025

  • Bitcoin
  • BTC
  • Crypto Services
Share

Standard Chartered, crypto custody services, cryptocurrency, bitcoin, digital assetsStandard Chartered has announced the launch of its crypto services in Europe after securing a digital asset licence under the Markets in Crypto Assets (MiCA) Regulation framework. The bank has opened a new entity in Luxembourg to offer crypto and digital asset custody services to customers and partners across the EU.

The opening of the business in Luxembourg is part of Standard Chartered’s global digital asset strategy, enabling the broadening of its digital asset portfolio.

This follows the recent launch of digital asset custody services in the UAE, with Luxembourg having a well-balanced regulatory and financial environment in order to meet growing client demand in the EU.

Standard Chartered has appointed Laurent Marochini as the CEO of the Luxembourg entity. Laurent joins from Société Générale, where his last position was Head of Innovation and brings a wealth of experience to the role.

Margaret Harwood-Jones, Global Head of Financing & Securities Services at Standard Chartered, said, “We are really excited to be able to offer our digital asset custody services to the EU 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. We are incredibly proud to be paving the way for our institutional clients to access the digital asset ecosystem.”

According to reports, Standard Chartered’s initial crypto offering in the EU will focus on Bitcoin (BTC) and Ether (ETH), with plans to add more assets in 2025. At launch, the bank will exclusively offer crypto custody services, which involve securely storing and safeguarding digital assets for their owners. These custody services will be provided directly by Standard Chartered, supported by a substantial risk capital and balance sheet.

Previous Article

January 13, 2025

Arf and LuLuFin partner to enable instant cross-border settlements

Read More
Next Article

January 13, 2025

4 FinTech Platforms empowering Gig Economy Workers in the USA

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

Galoy unveils Lana to offer Bitcoin-backed lending for banks

Read More

February 05, 2025

Moneyhub powers Money Squirrel’s financial management app for SMEs

Read More

February 04, 2025

HSBC taps Delta Capita to facilitate Post-Trade OTC Derivative Services

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More