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Standard Chartered Expands Crypto Custody Services To Luxembourg. New Crypto Coins To Explore!

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The British multinational financial giant Standard Chartered announced the launch of a new entity in Luxembourg to provide cryptocurrency custody services on January 9, 2025.

The Luxembourg entity will enable the bank to offer secure and regulated crypto custody solutions to institutional clients across the European Union (EU).

Commenting on the development, Margaret Harwood-Jones, Global Head of Financing and Securities Services at Standard Chartered, said: “We are incredibly proud to be paving the way for our institutional clients to access the digital asset ecosystem.”

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Standard Chartered wants to expand digital asset services globally

Harwood-Jones said: “We are really excited to be able to offer our digital asset custody services in the EU region, allowing us to support our customers with a product that is changing the landscape of traditional finance, whilst providing the level of security this comes from being a properly regulated entity.

By launching its cryptocurrency custody services under the EU’s MiCA regulatory umbrella, Standard Chartered is willing to demonstrate its willingness to operate within a structured and compliant environment.

The Luxembourg entity will be led by Laurent Marochini, an experienced executive with extensive experience in financial innovation. Marochini joins Standard Chartered from Société Générale, where he held the role of Head of Innovation.

“It is an honor to join the leading international bank, Standard Chartered Luxembourg, as CEO,” said Marochini. “I am fully committed to delivering excellence to our customers, team and stakeholders.”

This expansion follows similar initiatives by Standard Chartered in other regions, including the UAE.

Last year Crypto.com announced the launch of its global retail services from its regional hub in Dubai.

Crypto.com users will be able to access deposit and withdrawal facilities. “With this, Crypto.com will be the first to offer deposits and withdrawals in USD, EUR and AED to customers globally,” he said announcement shelp.

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The post Standard Chartered Expands Cryptocurrency Custody Services in Luxembourg. New Crypto Coins to Explore! appeared first on 99Bitcoins.

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