In a significant move, Standard Chartered has introduced a digital assets trading service tailored for institutional clients. This development marks the bank as the first global systemically important financial institution to provide deliverable spot trading for Bitcoin and Ether. The new service is integrated with the bank's existing platforms, allowing seamless access through familiar foreign exchange interfaces.
Bill Winters, Group Chief Executive of Standard Chartered, highlighted the strategic importance of digital assets in financial services evolution. "Digital assets are a foundational element of the evolution in financial services. They’re integral to enabling new pathways for innovation, greater inclusion and growth across the industry," he stated.
The service includes secure settlement options and adheres to regulatory standards set by the Financial Conduct Authority (FCA). Tony Hall, Global Head of Trading and XVA at Standard Chartered, emphasized their readiness to meet growing client demands: “We are applying our global expertise, infrastructure and risk management frameworks that our clients trust to the digital assets space.”
Standard Chartered's initiative reflects its commitment to expanding its suite of digital asset capabilities. This launch follows previous ventures such as Zodia Custody and Zodia Markets and aligns with their broader strategy in digital asset tokenization through Libeara.
For more details on this launch, contact Alvina Neo or Rami Lawand at Standard Chartered.