STANDARD CHARTERED EXPLORES LAUNCHING PRIME BROKERAGE FOR CRYPTO



🔹 Standard Chartered is exploring the launch of a prime brokerage division for crypto, expected to be housed within SC Ventures

🔹 The plan is still in the early stages, with no official rollout date yet

🔹 This model helps the bank reduce Basel III capital pressures, which require a 1250% risk weight for Bitcoin and Ether

🔹 Demand for crypto prime brokerage has surged, following major deals like Ripple's $1.25 billion acquisition of Hidden Road

🔹 Standard Chartered has established a crypto platform including Zodia Custody, Zodia Markets, and is expanding in partnership with Coinbase

🔹 The bank is currently one of the largest financial institutions in the world, with total assets exceeding $800 billion, operating in over 50 markets and serving clients worldwide
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