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172-year-old bank to launch crypto brokerage
Yahoo Finance· 2026-01-12 19:03
Group 1 - Standard Chartered is planning to launch a prime brokerage for cryptocurrency trading as part of its SC Ventures unit [1] - The bank previously launched spot trading for Bitcoin and Ethereum in July 2025, claiming to be the first global systemically important bank to do so for institutional clients [2] - Standard Chartered offers various digital asset services, including transactions, custody, and tokenization solutions for institutional clients [3] Group 2 - The decision to explore crypto trading services comes amid a trend of major banks, such as JPMorgan Chase and Bank of America, entering the cryptocurrency space [5] - Prime brokerage services will include financing, securities lending, and custody to help investors manage risks and trade efficiently [8] - Discussions regarding the launch of the crypto brokerage are still in the early stages, with no confirmed timeline for its introduction [8]