CoinWorld.net January 12 News, according to Bloomberg, Standard Chartered Bank plans to establish a cryptocurrency prime brokerage business through its venture capital arm, SC Ventures. The services will include custody, financing, and market access, and the project is still in the early planning stage. This move helps it avoid Basel III's unlicensed crypto asset capital requirement of up to 1250%. Standard Chartered has previously been involved in crypto projects such as Zodia Custody and Zodia Markets, and by 2025, it aims to become the first globally systemically important bank to offer spot crypto trading.

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