Standard Chartered Expands Crypto Custody Services To Luxembourg. New Crypto Coins To Explore!

The British multinational financial giant, Standard Chartered, announced the launch of a new entity in Luxembourg to provide crypto custody services on 9 January 2025.

The Luxembourg entity will enable the bank to offer secure and regulated crypto custody solutions to institutional clients across the European Union (EU).

Commenting on the development, Margaret Harwood-Jones, Global Head of Financing and Securities Services at Standard Chartered said, “We are incredibly proud to be paving the way for our institutional clients to access the digital asset ecosystem.”

Harwood-Jones said, “We are really excited to be able to offer our digital asset custody services to the EU region, enabling us to support our clients with a product that is changing the landscape of traditional finance, whilst also providing the level of security that comes with being an appropriately regulated entity.”

BREAKING

$1 trillion Standard Chartered will
now start offering Bitcoin and crypto
custody services in the Europe.

Big win for mass adoption pic.twitter.com/SRbGtVO1y5

— Ash Crypto (@Ashcryptoreal) January 9, 2025

By launching its crypto custody services under EU’s MiCA regulatory umbrella, Standard Chartered is willing to demonstrate its readiness to operate within a structured and compliant environment.

The Luxembourg entity will be led by Laurent Marochini, a seasoned executive with extensive experience in financial innovation. Marochini joins Standard Chartered from Société Générale, where he served as Head of Innovation.

“It is an honor to join the leading international bank, Standard Chartered Luxembourg, as CEO,” Marochini stated. “I am fully committed to delivering excellence for our clients, team, and stakeholders.”

This expansion follows similar initiatives by Standard Chartered in other regions, including the UAE.

Last year Crypto.com announced the launch of its global retail services from its regional hub in Dubai.

Crypto.com users will be able to access deposit and withdrawal facilities. “With this, Crypto.com will be first to offer USD, EUR and AED deposit and withdrawals to customers globally,” the announcement said.

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