Summary
- Standard Chartered announced the launch of virtual asset custody services in Luxembourg.
- They revealed the establishment of a new entity as a regulatory entry point in the European Union.
- Margaret Harwood-Jones emphasized supporting products that transform the financial landscape in the EU region.
Standard Chartered (SC), one of the world's largest banks, is set to launch virtual asset (cryptocurrency) services in Luxembourg.
According to a report by Cointelegraph on the 9th (local time), Standard Chartered announced the establishment of a new entity in Luxembourg, serving as a regulatory entry point for the European Union, to provide digital asset custody services.
Margaret Harwood-Jones, Global Head of Financial Markets at Standard Chartered, stated, "We are very pleased to offer digital asset custody services in the EU region. Through this, we aim to support our clients with products that transform the existing financial landscape."
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