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Rumors of a partnership between Ripple and Cardano have gained traction following discussions between their leaders, Charles Hoskinson and Brad Garlinghouse. The focus is on integrating Ripple’s stablecoin, RLUSD, into Cardano’s ecosystem, with Hoskinson indicating active talks are underway.RLUSD, recently approved by the New York Department of Financial Services, has generated excitement and is being adopted by major crypto exchanges. However, caution is advised as the stablecoin carries significant risks for investors.
Sygnum, a global digital asset banking group, has achieved unicorn status with a valuation exceeding USD 1 billion after raising USD 58 million in a strategic growth round led by Fulgur Ventures. The funds will facilitate market expansion into the EU and EEA by 2025, establish a regulated branch in Hong Kong, and enhance its Bitcoin-focused product portfolio. Sygnum has also reached operational profitability in 2024, significantly increasing its trading volume and expanding its institutional client base across multiple global financial centers.
Standard Chartered has established a new entity in Luxembourg, positioning itself as a regulatory gateway to the EU for crypto and digital asset custody services, in line with the EU’s Markets in Crypto Assets (MiCA) regulation. This initiative follows the bank's recent launch of crypto services in Europe, initially focusing on Bitcoin and Ether, with plans to expand offerings by 2025. The move underscores the bank's commitment to bridging traditional and digital finance while aiming for USD 200 billion in net new money by 2030.
Standard Chartered has launched a new entity in the European Union to provide crypto and digital asset custody services, following its earlier launch in the UAE. The bank anticipates the digital assets market could reach a $10 trillion market cap by 2026, driven by growing client demand and regulatory frameworks in the EU. Laurent Marochini has been appointed CEO of the Luxembourg-based entity, which aims to enhance security for investors navigating the complexities of digital asset storage.
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.
Standard Chartered has launched crypto services in Europe after obtaining a digital asset license under the MiCA framework. The new entity in Luxembourg will initially offer custody solutions for Bitcoin (BTC) and Ether (ETH), with plans to expand the asset range later in 2025. This initiative is part of the bank's broader strategy to enhance its global crypto custody offerings while ensuring compliance with regulatory standards.
Standard Chartered Bank has launched crypto custody services in Luxembourg, targeting institutional clients across the EU, in alignment with the MiCA regulation. The new division aims to provide secure digital asset storage, capitalizing on Luxembourg's stable regulatory environment. This initiative follows the bank's recent expansion into the UAE, where it secured a license for digital asset custody services, highlighting its commitment to innovate in the digital asset sector.
Standard Chartered has launched crypto custody services in Luxembourg, enhancing its EU presence and aligning with the Markets in Crypto Assets (MiCA) Regulation. This expansion follows the bank's recent initiatives in the UAE, aiming to meet the growing demand for secure digital asset solutions. Laurent Marochini has been appointed CEO of the Luxembourg entity, emphasizing the bank's commitment to excellence in the evolving digital asset landscape.
Standard Chartered has secured a crypto custody license in Luxembourg under the EU's MiCA framework, enabling it to offer digital asset services across the bloc. This move enhances the bank's regional presence and follows its earlier digital asset initiatives in the UAE. Laurent Marochini will lead operations in Luxembourg, as the bank aims to provide secure and compliant financial solutions in the evolving crypto landscape.
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