Standard Chartered opens new entity in Luxembourg 09 January 2025Luxembourg Reporter: Clelia Frondaroli
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Standard Chartered has opened a new entity in Luxembourg, acting as its EU regulatory entry point for the provision of crypto and digital asset custody services.
The new entity follows the introduction of the Markets in Crypto Assets (MiCA) regulation, the last stage of which was put in place late December 2024.
The company says that the launch is part of Standard Chartered's global digital asset strategy and follows the introduction of digital asset custody services in the UAE. Laurent Marochini has been put in place to act as CEO of the entity.
Margaret Harwood-Jones, global head of financing and securities services at Standard Chartered, says: “We are really excited to be able to offer our digital asset custody services to the EU region, enabling us to support our clients with a product that is changing the landscape of traditional finance.”
Marochini comments: “It is an honour to join the leading international bank, Standard Chartered Luxembourg as CEO. I am fully committed to delivering excellence for our clients, team and stakeholders.”
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