Standard Chartered, one of the UK’s leading banks, has been authorized to provide custody services for digital assets in the European Union after establishing a new entity in Luxembourg. This marks a significant step in the global expansion efforts of institutional-grade cryptocurrency solutions.

Standard Chartered is a global banking corporation, headquartered in London, UK.

This move aligns with Standard Chartered’s strategy to broaden its digital asset services, following the launch of similar offerings in the United Arab Emirates in recent months. Securing a license in Luxembourg, a key EU financial hub, would position the bank to meet growing demand for secure and regulated digital asset solutions.

As regulatory clarity improves in Europe with frameworks like MiCA (Markets in Crypto-Assets), Standard Chartered’s entry underscores the growing role of traditional financial institutions in legitimizing and facilitating digital asset adoption.

The bank’s expansion can also be seen as a way to enhancing credibility and infrastructure for the cryptocurrency market further, paving the way for broader institutional involvement and innovation. This latest move is just another display of Standard Chartered’s initiative in bridging traditional finance with the future of digital assets.

Announcement via Standard Chartered in regards to the new entity being established. Read further here

Follow us on LinkedIn to receive push notifications on our latest posts.