Standard Chartered Launches Digital Asset Custody Services in the UAE
Expansion of Digital Custody Services
Standard Chartered has officially begun offering digital asset custody services in the United Arab Emirates. This initiative reflects the bank's commitment to adapting to the evolving landscape of cryptocurrencies and meeting client demands for secure storage solutions.
Partnership with Brevan Howard Digital
In collaboration with Brevan Howard Digital, the crypto arm of the renowned asset management firm, Standard Chartered is set to provide top-tier solutions for crypto investments. This partnership enhances their capabilities in managing and safekeeping digital assets.
Benefits of Digital Asset Custody
- Security: Advanced protection measures for digital assets.
- Compliance: Adhering to regulatory standards in the UAE.
- Diverse Solutions: Catering to various client needs in the crypto space.
As the demand for professional custody grows, Standard Chartered's entrance into the digital asset custody market signifies an important milestone. The UAE is proving itself as a global hub for financial innovation, positioning banks to support digital asset strategies effectively.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.