TechFlow, November 4 — According to Hong Kong's Ming Pao, Standard Chartered Hong Kong Chief Executive and Greater China and North Asia CEO Betty Wong stated that the bank welcomes the HKMA's announcement of "FinTech 2030." The announcement coincided with the ongoing Hong Kong FinTech Week. Standard Chartered plans to launch innovative digital asset solutions in Hong Kong next year, including custody services for the two largest cryptocurrencies by market capitalization—Bitcoin and Ethereum—as well as strategic collaboration initiatives with other institutions.
Standard Chartered Hong Kong noted that it intends to roll out its Bitcoin and Ethereum digital asset custody service in Hong Kong starting January next year, expanding the existing services currently available in Luxembourg and the UAE (via the Dubai International Financial Centre).
Standard Chartered Hong Kong added that it has been actively supporting various innovation projects to advance Hong Kong’s comprehensive digital asset ecosystem, covering retail and corporate clients, local and cross-border transactions, and participating in multiple HKMA-led pilot innovation programs such as the Ensemble project, mBridge project, "Digital Hong Kong Dollar" feasibility study, GenA.I. sandbox, and the distributed ledger technology regulatory incubator.
