Standard Chartered Launches Crypto Custody Service in Luxembourg Under MiCA Rules

Standard Chartered has officially launched a new crypto custody service in Luxembourg to serve the entire European Union under the MiCA regulation. The bank is expanding its global presence in the crypto sector, following successful ventures like Zodia Custody in the UAE. Led by Laurent Marochini, former head of innovation at Société Générale, this new entity aims to provide secure services for digital assets. Standard Chartered remains bullish on Bitcoin, predicting a potential rise to $250,000. The bank is also exploring stablecoin initiatives, participating in Hong Kong’s stablecoin issuer sandbox. This move signals the bank’s strong commitment to the evolving crypto market.