The British multinational financial giant, Standard Chartered, announced the launch of a new entity in Luxembourg to provide crypto custody services on 9 January 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.”
Standard Chartered Wants To Expand Digital Asset Services Globally
🚨 BREAKING 🚨
🇪🇺 $1 trillion Standard Chartered will
now start offering Bitcoin and crypto
custody services in the Europe.Big win for mass adoption 🔥 pic.twitter.com/SRbGtVO1y5
— Ash Crypto (@Ashcryptoreal) January 9, 2025
By launching its crypto custody services under EU’s MiCA regulatory umbrella, Standard Chartered is willing to demonstrate its readiness to operate within a structured and compliant environment.
The Luxembourg entity will be led by Laurent Marochini, a seasoned executive with extensive experience in financial innovation. Marochini joins Standard Chartered from Société Générale, where he served as Head of Innovation.
“It is an honor to join the leading international bank, Standard Chartered Luxembourg, as CEO,” Marochini stated. “I am fully committed to delivering excellence for our clients, 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 first to offer USD, EUR and AED deposit and withdrawals to customers globally,” the announcement said.
Best New Crypto Coin To Buy
MAGA (TRUMP) is a meme coin on the Ethereum blockchain inspired by elected US President Donald Trump‘s “Make America Great Again” slogan. It has gained attention not just for its political connections but also for its performance in the market as a meme coin.
HarryPotterObamaSonic10Inu is currently trading at 17 cents USD a piece. With a market cap of $172 million and a 24-hour trading volume of $4 million, it signals strong crypto investor interest and good market activity. HarryPotterObamaSOnic10Inu (BITCOIN) is like if you threw Harry Potter, Barack Obama, and Sonic the Hedgehog into a blender and hit puree.
Unlike our top 2 picks, Wall Street Pepe is still in the presale stage. Buying in presale allows you to buy before anyone else, with the lowest price possible. WEPE is not your ordinary meme coin. Just a month after launching its presale, the project has raised an astounding $44.5 million.
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Free Bitcoin Crash Course
- Enjoyed by over 100,000 students.
- One email a day, 7 days in a row.
- Short and educational, guaranteed!
Why you can trust 99Bitcoins
Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days.
Weekly Research
100k+Monthly readers
Expert contributors
2000+Crypto Projects Reviewed
