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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 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.
Standard Chartered has launched cryptocurrency services in Europe after securing a digital asset license in Luxembourg, establishing a new entity to provide crypto custody services. This initiative follows the implementation of the EU's Markets in Crypto-Assets Regulation and is part of the bank's global digital asset strategy, which includes previous offerings in the UAE. Laurent Marochini, formerly of Société Générale, will lead the Luxembourg entity, emphasizing high security standards for institutional clients.
Standard Chartered has launched a crypto custody entity in Luxembourg, operating under the EU's MiCA regulation, to expand its digital asset services across Europe. Led by CEO Laurent Marochini, the new branch aims to support institutional clients in navigating the digital asset ecosystem. This move follows the bank's previous crypto initiatives in the UAE and reflects its commitment to becoming a key player in the digital finance landscape.
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