Standard Chartered Bank plans to offer BTC and ETH custody services for institutional clients in Dubai starting in the first quarter of next year

2023-10-18 22:08:54

Collection

ChainCatcher news, according to CoinDesk, Standard Chartered Bank plans to start custody for BTC and ETH for institutional clients in Dubai in the first quarter of 2024. In the future, Standard Chartered also plans to create a cryptocurrency settlement mechanism to fill the gap left by Signature Bank and Silvergate's settlement networks.

Previously, on May 10, it was reported that Standard Chartered plans to launch digital asset custody services in the Dubai International Financial Centre (DIFC) after obtaining regulatory approval. This service will be aimed at institutional clients worldwide and will be supported by its subsidiary Zodia Custody.

(Source Link)

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.