Standard Chartered has launched a new entity in Luxembourg, marking a significant step in its strategy to extend crypto and digital asset custody services across the European Union. This initiative follows the implementation of the Markets in Crypto Assets (MiCA) Regulation, positioning Luxembourg as the bank’s EU regulatory hub for digital finance.

The establishment of this new entity enhances Standard Chartered’s global digital asset offerings, building on the recent introduction of similar services in the UAE. Luxembourg’s balanced financial and regulatory environment provides an ideal foundation for expanding the bank’s digital asset services to meet increasing demand within the EU.

Laurent Marochini has been named CEO of the Luxembourg entity, bringing extensive expertise from his previous role as Head of Innovation at Société Générale. “We are incredibly proud to support our clients as they navigate the evolving landscape of digital finance, offering a secure and regulated platform for accessing the digital asset ecosystem,” stated Margaret Harwood-Jones, Global Head of Financing & Securities Services at Standard Chartered.

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