Standard Chartered to Offer Virtual Asset Custody Services in Luxembourg

Standard Chartered (SC), one of the world's largest banks, is set to launch virtual asset (cryptocurrency) services in Luxembourg.

According to a report by Cointelegraph on the 9th (local time), Standard Chartered announced the establishment of a new entity in Luxembourg, serving as a regulatory entry point for the European Union, to provide digital asset custody services.

Margaret Harwood-Jones, Global Head of Financial Markets at Standard Chartered, stated, "We are very pleased to offer digital asset custody services in the EU region. Through this, we aim to support our clients with products that transform the existing financial landscape."