StanChart Explores Crypto Prime Brokerage Under SC Ventures
Standard Chartered is exploring plans to establish a cryptocurrency prime brokerage as part of a broader push into digital markets, according to a report from Bloomberg.
The proposed business would be developed within the bank’s wholly owned innovation and investment arm, SC Ventures, rather than its core corporate and investment bank.
People familiar with the discussions said the plans are still at an early stage and there is no confirmed launch timeline.
Locating the business under SC Ventures could help the lender manage the capital impact of deeper involvement in digital assets.
A spokesperson for SC Ventures declined to comment.
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