Standard Chartered plans to establish a crypto prime brokerage business to expand its digital asset footprint

PANews, January 12 – According to Bloomberg, Standard Chartered Bank plans to establish a crypto prime brokerage business through its venture capital arm, SC Ventures, with services covering custody, financing, and market access. The initiative is still in its early preparation stage. This move will help the bank avoid the Basel III 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 in 2025 will become the first global systemically important bank to offer spot crypto trading.