Standard Chartered Bank plans to start custody of BTC and ETH for institutional clients in Dubai in the first quarter of 2024. In the future, Standard Chartered Bank also plans to create a cryptocurrency settlement mechanism to fill the gap in the Signature Bank and Silvergate settlement networks. A relevant person said: "DIFC Dubai International Financial Center allows us to provide services around the world."
According to previous reports by Odaily, in May this year, Standard Chartered Bank announced plans to launch digital asset custody services in the Dubai International Financial Center (DIFC), subject to regulatory approval. The solution will be targeted at institutional clients around the world and will be provided by its subsidiary Zodia Custody. (CoinDesk)