Standard Chartered Enters European Crypto Market with Custody Services in Luxembourg
Standard Chartered has launched digital asset custody services in Luxembourg, focusing on Bitcoin and Ether, to cater to institutional investors in Europe.

Standard Chartered has launched digital asset custody services in Luxembourg, focusing on Bitcoin and Ether, to cater to institutional investors in Europe.
Bitcoin (BTC), the world’s largest cryptocurrency, is expected to hit new highs by the end of the year regardless of who wins the U.S. election in November, Standard Chartered Bank (STAN) said in a report resuming its coverage of the sector on Thursday.
Recently, HSBC China, Hang Seng China, Standard Chartered China, and Fubon Bank China became the first batch of foreign banks to announce their access to the e-CNY interoperability platform.
Standard Chartered Bank's imminent participation in China's digital yuan pilot project signifies the growing global interest in digital currencies. As a pioneer in this venture, the bank anticipates a wide array of applications for the digital yuan in international trade and finance.
The trial involved real-time transfers and swaps of synthetic USDC and EURS to wallets owned by Deutsche Bank.
International banking giants have achieved a significant milestone by successfully conducting the first UDPN proof-of-concept, enabling real-time exchange and transfer of stablecoins.
The partnership with Standard Chartered will help Coinbase to offer free bank transfers for users in Singapore.
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