Standard Chartered plans to establish a crypto prime brokerage business

Standard Chartered Bank plans to establish a crypto prime brokerage business through its venture capital arm, SC Ventures, with services including custody, financing, and market access. The initiative is still in its early preparation stage. This move aims to circumvent the Basel III unlicensed crypto asset capital requirement of up to 1250%. Standard Chartered has previously participated in crypto projects such as Zodia Custody and Zodia Markets, and in 2025 will become the first globally systemically important bank to offer spot crypto trading.