The friendly lender with the Standard Chartered cryptocurrencies is claiming the rights of bluffing to be the first global bank to offer spot trade in Bitcoin
and ether (Eth) to institutional clients.
The offer, launched through the branches of the United Kingdom, is initially available through our United Kingdom entity, during the negotiation hours of Asia and Europe, with access 24/5 under consideration as the customer’s demand evolves, said Rene Michau, global chief of digital assets.
“Standard Chartered is the first systemically important global bank offered by Cryptasset trade.” Michau said in an email. “We define institutional clients as financial institutions such as administrators and asset investors, and large multinational companies that are clients of our corporate banking and investment division.”
Standard Chartered has been involved in cryptographic and digital assets for some time. The bank now offers custody and trade of digital assets through its corporate and investment bank, and through companies, inverted Stanchart, such as Zodia Custody and Zodia Markets. It also offers digital asset tokenization services, through its Libera portfolio company.
The new service is integrated into the existing commercial platforms of Standard Chartered, which allows companies, institutional assets and investors administrators to access cryptography markets through family FX interfaces. Customers can liquidate operations to a custodian of their choice, including the internal custody service of Standard Chartered.
The approach for now will remain in the BTC and ETH Spot trade with plans to expand the service suite for these cryptographic assets, including the introduction of non -deliverable strikers. (NDFS) Commerce, said Michau.
