$800 Billion Standard Chartered Launches Bitcoin and Crypto Custody Services in UAE

Sep 10, 2024, 07:23 PM

Standard Chartered, a $800 billion multinational banking giant, has launched a Bitcoin and crypto custody service in the United Arab Emirates (UAE). The bank received approval from Dubai’s Financial Services Authority to offer these custody services. Initially, Standard Chartered will provide custody for Bitcoin (BTC) and Ether (ETH), with plans to expand its offerings. This move is part of Standard Chartered’s broader strategy to deepen its involvement in the digital asset space. The bank has partnered with Brevan Howard Digital to facilitate these services.