Standard Chartered Launches Digital Asset Custody Service in UAE

Standard Chartered, a major player in financial services, is launching a new digital asset custody service in the UAE after receiving regulatory approval.

The choice of the UAE for this launch is attributed to the region’s strong regulatory framework and progressive stance on digital assets.

The service will initially focus on Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization. Brevan Howard Digital is set to be the inaugural client of this new offering.

This development is seen as a significant step for both Standard Chartered and the broader financial sector, underscoring the growing importance of digital assets.

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The bank aims to leverage its established infrastructure and expertise to bridge traditional finance with the evolving digital asset market.

Plans for further expansion of these services into other major global financial centers are also on the horizon.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.