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Standard Chartered has unveiled its new crypto custody services in the UAE, aligning with top cryptocurrencies Bitcoin and Ether. This strategic move was solidified through a partnership with Brevan Howard Digital and is underpinned by a license from the Dubai Financial Services Authority. Originally announced after a May 10th memorandum with the Dubai International Financial Centre, this initiative marks a significant leap in crypto integration by a major bank.
The bank’s expansion into digital assets, spearheaded by CEO Bill Winters, reflects a robust commitment to the evolving financial landscape. Winters emphasizes, “Digital assets are not merely a passing trend, but a fundamental shift in the fabric of finance.” Looking ahead, Standard Chartered plans to broaden its digital asset range and extend services globally, reinforcing its pioneering role in the crypto domain.
