Standard Chartered plans to build a crypto prime brokerage platform integrating custody, financing, and market access.

According to Odaily, Standard Chartered Bank plans to establish a crypto prime brokerage business through its venture arm SC Ventures, offering services including custody, financing, and market access. The initiative is still in its early preparation stage. This move will help the bank avoid Basel III’s capital requirement of up to 1250% for unlicensed crypto assets. Standard Chartered has previously been involved in crypto projects such as Zodia Custody and Zodia Markets, and by 2025, it will become the first global systemically important bank to offer spot crypto trading. (Bloomberg)