TechFlow reports, on January 12, according to Bloomberg, Standard Chartered plans to establish a cryptocurrency custody brokerage service to strengthen its competitiveness in the digital asset sector.
Insiders revealed that the London-based bank will set up this new business within its wholly-owned venture capital division, SC Ventures. Placing the new business under SC Ventures could help Standard Chartered avoid stringent capital requirements for digital assets within its corporate and investment banking operations.
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