Standard Chartered Plans to Launch Crypto Prime Brokerage Under Its VC Unit

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Source: CryptoBriefing Original Title: Standard Chartered plans to launch crypto prime brokerage under its VC unit Original Link:

Overview

Standard Chartered, the leading British multinational bank, is considering launching a crypto prime brokerage that would sit under the bank’s venture capital unit, SC Ventures.

Talks about the proposed service are still preliminary, and plans have yet to be finalized.

Service Offerings

The brokerage aims to serve institutional clients with comprehensive services including:

  • Custody
  • Financing
  • Trading
  • Clearing for digital assets

Strategic Context

The lender has pursued a broad digital asset strategy through SC Ventures, including investments in platforms such as Zodia Custody, a digital asset custodian for institutional investors originally launched in partnership with Northern Trust.

SC Ventures serves as the bank’s innovation arm, driving its digital asset strategy and bridging traditional finance with the crypto ecosystem.

Recent Partnerships

Last month, Standard Chartered and a certain compliance platform announced an expanded partnership to develop comprehensive crypto prime services for institutional clients, including trading, custody, staking, and lending. The joint effort will enhance the regulated digital asset infrastructure, meeting increasing demands for scalable and compliant crypto solutions in institutional markets.

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TokenAlchemistvip
· 01-12 13:50
tbh standard chartered moving into prime brokerage feels like traditional finance finally recognizing the arbitrage surface they've been leaving on the table... but let's be real, their execution velocity on protocol dynamics will probably be slower than a sleep-deprived retail degen. interesting positioning though, ngl
Reply0
EthSandwichHerovip
· 01-12 13:44
Traditional banks also have to bow their heads; it seems that institutional bottom-fishing is really happening.
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PumpBeforeRugvip
· 01-12 13:42
Another traditional financial giant is stepping into the game, this time it's Standard Chartered... However, I always feel that these old banks coming into crypto have other intentions; we'll have to wait and see if they truly get involved.
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gas_fee_therapistvip
· 01-12 13:38
Standard Chartered is also getting into crypto? Traditional finance really can't sit still anymore, huh?
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LightningClickervip
· 01-12 13:37
It's another scam of traditional finance entering the scene. Standard Chartered has also started playing this game—just packaging a VC shell to try and harvest quick profits.
View OriginalReply0
FlashLoanLordvip
· 01-12 13:23
Traditional financial giants can no longer sit still; now they want a share of the pie.
View OriginalReply0
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