Standard Chartered is reportedly considering launching a crypto prime brokerage service. This would represent a strategic expansion of its existing digital assets business, reflecting the sector’s ongoing integration with mainstream finance.
Per a Bloomberg report, the British multinational bank is holding early-stage talks to establish the trading platform through its venture division, SC Ventures. Final decisions have not been made, and a launch schedule is still pending.
Officials at Standard Chartered have not confirmed the plans publicly. The bank already facilitates institutional trading of top cryptocurrencies, a service launched last year.
This development aligns with a series of institutional crypto moves. Notably, Morgan Stanley submitted an application to regulators for an Ether-based exchange-traded fund recently.
In a similar vein, the second-largest US bank, Bank of America, recently authorized select spot Bitcoin ETFs for proactive recommendation across its extensive adviser network.
