Standard Chartered has received approval to offer digital asset custody services in the European Union, establishing a new entity in Luxembourg as a regulatory entry point. This move follows the implementation of the Markets in Crypto Assets (MiCA) regulation, with Laurent Marochini appointed as CEO. The bank aims to support institutional clients in accessing the digital asset ecosystem, having already launched similar services in the UAE.
Standard Chartered has launched a new entity in Luxembourg to provide crypto custody services, initially focusing on Bitcoin and Ethereum, with plans to expand by 2025. Laurent Marochini has been appointed CEO, and the move aligns with the implementation of the Markets in Crypto Assets (MiCA) regulation, enhancing the bank's digital asset offerings in the EU.
Movement Labs, a San Francisco-based team developing a layer-2 blockchain on Ethereum, is nearing the completion of a $100 million Series B funding round, valuing the company at approximately $3 billion. The funding surge follows a rebound in crypto markets, driven by renewed investor interest and a favorable political climate. Investors will receive equity and the proprietary Move token, which has seen significant trading activity since its launch in December.
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