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, Zo
View Original