Standard Chartered Launches Crypto Custody Services in Europe
- Standard Chartered has established a new entity for crypto and digital asset custody services in the EU.
- The service will be based in Luxembourg to meet growing client demand.
- This follows the bank’s launch of similar services in the UAE in September.
- Laurent Marochini, formerly with Societe Generale Securities Services, is appointed CEO of the Luxembourg entity.
- The EU has implemented stricter regulations on digital assets, including the MiCA law focusing on stablecoins.
Standard Chartered has expanded its digital asset custody services to Luxembourg, appointing Laurent Marochini as CEO to navigate the EU’s stringent regulatory environment.
