Standard Chartered Bank is developing a cryptocurrency prime brokerage via SC Ventures. The upcoming services will encompass custody, financing, and market access, reflecting the bank’s strategic move to enter the expanding digital asset space.
The bank’s efforts aim to sidestep stringent Basel III capital requirements for digital assets. Historically engaged in crypto through Zodia Custody and Zodia Markets, Standard Chartered targets becoming the first globally significant bank to enable spot crypto trading by 2025.
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