Standard Chartered Launches Bitcoin and Ethereum Custody in UAE

Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), licensed by the Dubai Financial Services Authority. The service aims to provide secure storage for digital assets, initially focusing on bitcoin and ethereum. Brevan Howard Digital is the first client, and the bank plans further expansion into additional digital assets. … Read more

Standard Chartered to Launch Crypto Custody Service for Institutional Investors Next Year

SC Ventures, the innovation and ventures unit of Standard Chartered, will launch a crypto custody service targeting institutional investors in London next year. According to a Dec. 9 press statement, the British bank is partnering with U.S. wealth and asset management firm Northern Trust for the project. Together, they will launch a new business called … Read more

‘Absolutely Inevitable’: Standard Chartered Bank CEO Sees Widespread Cryptocurrency Adoption

Standard Chartered Bank CEO Bill Winters sees the adoption of digital currencies as “absolutely inevitable.” He says there is a role for both private digital currencies and state-backed ones. His bank subsequently announces that it is launching a crypto custody service, supporting a number of cryptocurrencies including bitcoin, bitcoin cash, and ethereum. Standard Chartered Bank … Read more