Standard Chartered to launch crypto prime brokerage for hedge funds and asset managers
Standard Chartered is setting up a crypto prime brokerage aimed at hedge funds and asset managers, as banks worldwide scramble to keep up in the crypto race. The new business will sit inside SC Ventures, the bank’s venture capital arm, according to Bloomberg.
The bank isn’t new to crypto. It has already backed projects like Zodia Custody, which handles secure storage, and Zodia Markets, an institutional trading platform.
Just six months ago, it said it was the first big, systemically important global bank to offer spot crypto trading to institutional clients.
SC Ventures shields bank from capital rule penalties
Last month, SC Ventures dropped a post on LinkedIn, teasing a joint venture called Project37C, which it described it…
