{"id":44955,"date":"2025-01-09T12:18:06","date_gmt":"2025-01-09T12:18:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/standard-chartered-launches-crypto-custody-entity-in-luxembourg-under-mica\/"},"modified":"2025-01-09T12:18:06","modified_gmt":"2025-01-09T12:18:06","slug":"standard-chartered-launches-crypto-custody-entity-in-luxembourg-under-mica","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/standard-chartered-launches-crypto-custody-entity-in-luxembourg-under-mica\/","title":{"rendered":"Standard Chartered launches crypto custody entity in Luxembourg under MiCA"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/03_Standard-Chartered-bank-hall-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/03_Standard-Chartered-bank-hall-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/03_Standard-Chartered-bank-hall-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/03_Standard-Chartered-bank-hall-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Standard Chartered launches a crypto custody entity in the EU.<\/li>\n<li>The new entity is based in Luxembourg and will operate under MiCA regulation.<\/li>\n<li>Standard Chartered has launched crypto services in the United Arab Emirates.<\/li>\n<\/ul>\n<p>British multinational bank Standard Chartered has announced the establishment of a new entity in Luxembourg aimed at offering crypto custody services throughout the European Union.<\/p>\n<p>This move comes in response to the EU\u2019s newly enacted Markets in Crypto Assets (MiCA) regulation, which seeks to standardize the operations of digital asset providers across member states.<\/p>\n<h2>Standard Chartered\u2019s forays into crypto services<\/h2>\n<p>The announcement was made through a <a href=\"https:\/\/www.sc.com\/en\/press-release\/standard-chartered-granted-licence-in-luxembourg-to-offer-digital-asset-custody-services\/\">press release<\/a> on January 9, detailing that the Luxembourg branch will serve as a gateway for Standard Chartered\u2019s expansion into the crypto custody market in Europe.<\/p>\n<p>Notably, this move follows the bank\u2019s previous forays into digital assets, including similar services <a href=\"https:\/\/coinjournal.net\/news\/standard-chartered-backed-zodia-markets-approved-as-a-crypto-broker-in-abu-dhabi\/\">launched in the United Arab Emirates<\/a>, showcasing its commitment to capitalizing on the burgeoning crypto sector.<\/p>\n<p>Heading the new Luxembourg entity is Laurent Marochini, a veteran in the innovation sector, previously with Soci\u00e9t\u00e9 G\u00e9n\u00e9rale.<\/p>\n<p>Marochini expressed his honour in taking the helm at Standard Chartered Luxembourg, emphasizing his dedication to providing top-tier services to clients, team, and stakeholders. \u201cIt is an honour to join the leading international bank, Standard Chartered Luxembourg as CEO. I am fully committed to delivering excellence,\u201d Marochini stated in the press release.<\/p>\n<p>Margaret Harwood-Jones, Standard Chartered\u2019s global head of financing &amp; securities services, highlighted the bank\u2019s excitement about extending its digital asset custody services to the EU region. \u201cWe are really excited to be able to offer our digital asset custody services to the EU region,\u201d she said, underscoring the bank\u2019s role in aiding institutional clients in navigating the digital asset ecosystem.<\/p>\n<p>Standard Chartered\u2019s engagement with cryptocurrencies doesn\u2019t end with custody services. The bank has been notably active in the crypto space, with ventures like Zodia Custody and Zodia Markets, and it holds an <a href=\"https:\/\/coinjournal.net\/news\/standard-chartered-raises-2024s-btc-forecast-to-150k-projects-250k-in-2025\/\">optimistic view on Bitcoin\u2019s future<\/a>, predicting a potential rise to $250,000. It was <a href=\"https:\/\/coinjournal.net\/news\/okx-picks-standard-chartered-as-its-institutional-crypto-custodian\/\">recently selected by OKX as its institutional crypto custodian<\/a>.<\/p>\n<p>Furthermore, the bank is exploring opportunities in stablecoins, evidenced by its participation in Hong Kong\u2019s stablecoin issuer sandbox and its <a href=\"https:\/\/coinjournal.net\/news\/hsbc-and-hang-seng-join-standard-chartered-and-fubon-bank-in-chinas-digital-yuan-pilot\/\">participation in China\u2019s Digital Yuan Pilot<\/a> in 2023.<\/p>\n<p>The expansion into the EU underlines Standard Chartered\u2019s strategic pivot towards becoming a significant player in the digital finance landscape, aligning with regulatory frameworks like MiCA to ensure security and compliance in its operations.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/standard-chartered-launches-crypto-custody-entity-in-luxembourg-under-mica\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Standard Chartered launches a crypto custody entity in the EU. The new entity is based in Luxembourg and will operate under MiCA regulation. Standard Chartered has launched crypto services in the United Arab Emirates. British multinational bank Standard Chartered has announced [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":44956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44955"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=44955"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44955\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/44956"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=44955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=44955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=44955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}