Standard Chartered Launches $135B AUM Crypto Custody Services in Luxembourg Under MiCA Regulations

Jan 9, 2025, 01:47 PM

Standard Chartered has officially launched its crypto custody services in Luxembourg, marking a strategic expansion of its presence across Europe under the Markets in Crypto-Assets (MiCA) regulations. The bank has secured a license to operate in Luxembourg, allowing it to offer digital asset custody services, including for Bitcoin and other cryptocurrencies. With approximately $135 billion in assets under management (AUM) and a reported total asset base of $1 trillion, Standard Chartered aims to cater to the growing demand for secure digital asset management in the European Union. This move aligns with the bank's broader strategy to enhance its offerings in the rapidly evolving digital finance landscape.