EU Standard Chartered Catalyzes Digital Asset Services with New Luxembourg License
by aria-crypto.com
January 10, 2025 at 05:46
EU Standard Chartered Catalyzes Digital Asset Services with New Luxembourg License
Standard Chartered has successfully obtained a Luxembourg license to provide digital asset custody services, a significant move marking its expansion into the EU digital asset market under the MiCA regulation. This initiative enhances the bank's EU presence by leveraging Luxembourg's regulatory framework aimed at digital asset security and compliance. The Luxembourg entity, led by CEO Laurent Marochini, serves as the regulatory gateway for the bank within the EU, aligning with the bank’s global strategy on digital assets that includes earlier ventures in the UAE. Margaret Harwood-Jones, Global Head at Standard Chartered, emphasized the bank’s commitment to integrating digital assets into traditional finance securely and effectively. She expressed enthusiasm for the bank's capability to offer regulated digital asset services in the EU, reflecting the strategic importance of Luxembourg's stability and regulatory environment. This expansion also complements Standard Chartered’s broader digital assets operations which include notable investments in Zodia Custody and Zodia Markets focused on institutional client services.
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