Standard Chartered has launched a new entity in Europe to offer crypto custody services, reflecting their expanding digital asset operations. Previously, they had launched similar services in the UAE in 2024. This initiative aims to cater to the increasing demand from EU clients for secure and regulated digital asset custody.

Margaret Harwood-Jones from Standard Chartered highlights the critical role of security and regulation in the digital asset space. The bank’s initiative aims to provide EU clients with a trusted service amidst rising interest in digital investments. Their proactive approach signifies a commitment to evolving alongside the market’s needs.

Standard Chartered forecasts the digital assets market could grow to 10 trillion USD by 2026, supported by innovations like their custody launch. Laurent Marochini is appointed CEO for the new Luxembourg entity, signaling a focused effort to lead in this growing market and to meet the region’s needs effectively.