Home   News   Features   Interviews   Magazine Archive   Industry Awards  
Subscribe
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
≔ Menu
Securites Lending Times logo
Leading the Way

Global Asset Servicing News and Commentary
News by section
Subscribe
⨂ Close
  1. Home
  2. Digital assets news
  3. Standard Chartered introduces new service in the UAE
Digital assets news

Standard Chartered introduces new service in the UAE


10 September 2024 UAE
Reporter: Clelia Frondaroli

Generic business image for news article
Image: Photocreo Bednarek/stock.adobe.com
Standard Chartered has launched a digital asset custody service in the United Arab Emirates (UAE), after being granted a licence by the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Centre (DIFC).

The service will enable clients to safeguard their digital assets and has launched in the UAE as a result of its approach to digital asset adoption and financial regulation.

The inaugural client for the product is confirmed to be Brevan Howard Digital, the crypto and digital asset division of Brevan Howard. Standard Chartered also plans to encompass a wider range of digital assets in the coming months, and intends to expand its custody services to other key financial markets.

Bill Winters, group chief executive of Standard Chartered Bank, states: “The launch of our digital asset custody offering represents a pivotal moment not just for Standard Chartered, but for the financial services industry. With this new service, we are strategically positioning ourselves at the forefront of this next evolution in the custody business.”

Global head of financing and securities services, Margaret Harwood-Jones, adds: “After a period of intensive work and close collaboration with regulators both regionally and globally, we are thrilled to welcome Brevan Howard Digital as the first client of our digital asset custody offering.”

Gautam Sharma, CEO of Brevan Howard Digital, concludes: “This is a significant win for the UAE and the wider digital asset industry. The development of the institutional infrastructure within the asset class and region supports our established business within the ADGM in its continued expansion”
← Previous digital assets article

Bullish collaborates with Adaptive and Google Cloud
Next digital assets article →

India launches National Blockchain Framework
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Asset Servicing Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →