Deep Tide TechFlow News, January 12, According to Bloomberg, Standard Chartered Bank plans to establish a cryptocurrency custody brokerage service to enhance its competitiveness in the digital asset sector.
Sources familiar with the matter revealed that this London-based bank will set up the new business within its wholly-owned venture capital arm, SC Ventures. Locating the new business within SC Ventures may help Standard Chartered avoid the stringent capital requirements for digital assets in its corporate and investment banking divisions.
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Deep Tide TechFlow News, January 12, According to Bloomberg, Standard Chartered Bank plans to establish a cryptocurrency custody brokerage service to enhance its competitiveness in the digital asset sector.
Sources familiar with the matter revealed that this London-based bank will set up the new business within its wholly-owned venture capital arm, SC Ventures. Locating the new business within SC Ventures may help Standard Chartered avoid the stringent capital requirements for digital assets in its corporate and investment banking divisions.