The acquisition will be rolled into a newly approved entity named Standard Chartered Trustee (Hong Kong), with Standard Chartered’s existing HK trust services also being merged into SC Trustee over time
The MOU aims to foster cooperation between Standard Chartered’s wider digital assets agenda and the DIFC’s Innovation Hub, Dubai’s hub for fintech start-ups
The association made the affirmation after a comprehensive review found that 18 central and commercial banks have found “clear potential and value” in the API-based CBDC connector
The Asset Servicing Times team will be there and we look forward to meeting as many of you as possible, while keeping you up-to-date with all the latest conference news
With an initial capital injection of US$155.6 million, the new firm Standard Chartered Securities (China) Limited will cover underwriting, asset management and brokerage activities, following CSRC approval