• Standard Chartered launches digital asset custodial services in the UAE.
• The bank secured the license from the Dubai Financial Services Authority.
• Via Brevan Howard Digital, the bank will initially offer Bitcoin and Ether custody services.

British multinational bank Standard Chartered has unveiled its crypto custody services in the UAE, licensed by the Dubai Financial Services Authority. The bank’s offering, announced on Tuesday, allows institutional clients to securely store Bitcoin and other crypto assets. Brevan Howard Digital, the crypto arm of a prominent hedge fund, is the first client to utilize this service.

Standard Chartered obtained the license within the Dubai International Financial Centre (DIFC), following an MoU signed in May 2023. Initially focusing on Bitcoin and Ethereum, the bank plans to expand its services to include a broader range of digital assets.

Read also: Standard Chartered Debuts Bitcoin and Ethereum Trading Desk in London

This move reflects the growing demand among institutions for secure and regulated digital asset services. It also showcases Standard Chartered’s commitment to a balanced approach toward cryptocurrency adop…

The post Standard Chartered Launches Crypto Custody in UAE, Eyes Institutional Market appeared first on Coin Edition.

• Standard Chartered launches digital asset custodial services in the UAE.
• The bank secured the license from the Dubai Financial Services Authority.
• Via Brevan Howard Digital, the bank will initially offer Bitcoin and Ether custody services.

British multinational bank Standard Chartered has unveiled its crypto custody services in the UAE, licensed by the Dubai Financial Services Authority. The bank’s offering, announced on Tuesday, allows institutional clients to securely store Bitcoin and other crypto assets. Brevan Howard Digital, the crypto arm of a prominent hedge fund, is the first client to utilize this service.

Standard Chartered obtained the license within the Dubai International Financial Centre (DIFC), following an MoU signed in May 2023. Initially focusing on Bitcoin and Ethereum, the bank plans to expand its services to include a broader range of digital assets.

Read also: Standard Chartered Debuts Bitcoin and Ethereum Trading Desk in London

This move reflects the growing demand among institutions for secure and regulated digital asset services. It also showcases Standard Chartered’s commitment to a balanced approach toward cryptocurrency adop…

The post Standard Chartered Launches Crypto Custody in UAE, Eyes Institutional Market appeared first on Coin Edition.