Standard Chartered is launching cryptocurrency services in Europe after obtaining a digital asset license in Luxembourg. The bank has established a new entity in Luxembourg to provide crypto and digital asset custody services as part of the European Union's MiCA framework. Laurent Marochini will serve as CEO of this entity. This initiative expands Standard Chartered's digital asset strategy globally and follows its previous launch of crypto services in the UAE in September 2024, which included offerings for Bitcoin and Ether. Margaret Harwood-Jones, the bank’s global head of financing, highlighted the importance of high security standards as a regulated entity in Europe, expressing excitement about serving institutional clients in the evolving digital asset ecosystem. Standard Chartered has been exploring crypto-related opportunities since at least 2021, previously engaging in alliances to promote best practices in the industry.

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