Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands, and HKT have announced the formation of a joint venture (JV) to issue a Hong Kong dollar-backed stablecoin. The JV aims to apply for a license from the Hong Kong Monetary Authority (HKMA) under its new regulatory framework. SCBHK brings its
Standard Chartered projects Bitcoin could reach $500,000 by 2028. This feat will be driven by major growth and gradual adoption by institutions and ETF market potentials. Geoffrey Kendrick, the bank’s Head of Digital Asset Research, outlined the prediction in a February 5 investor’s note. He predicted Bitcoin’s potential for $200k
Standard Chartered, a British multinational bank, has launched a new entity in Luxembourg. This provides crypto and digital asset custody services across the European Union (EU). Besides, this step follows the introduction of the Markets in Crypto Assets (MiCA) regulation, by which the bank can respond to the rising demand
Zodia Markets, a cryptocurrency subsidiary of Standard Chartered, is reportedly on the verge of acquiring Elwood Capital Management. This move signifies the growing intersection of traditional banking and the burgeoning crypto sector. The parties have not officially confirmed the deal. Yet, the acquisition is anticipated to be finalized by the
Standard Chartered’s crypto-arm, Zodia Custody, intends to provide payouts on cryptocurrency assets for its customers. In order to provide investors with the opportunity to earn yield while taking use of the advantages of blockchain technology. The cryptocurrency custodian has collaborated with OpenEden to provide the “Zodia Custody Yield” service. According
