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Standard Chartered announces Safe Digital Asset Custody Services in the UAE

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Staff Writer, TLR

Published on July 14, 2023, 17:41:00

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Standard Chartered announced plans offer digital asset custody

Standard Chartered has announced its plans to offer digital asset custody services in the United Arab Emirates (UAE). This service has been launched to meet the growing demand for digital asset services from institutional clients and high-net-worth individuals in the region.

The bank's new service will provide clients with a secure and efficient way to store and manage a range of cryptocurrencies and other digital assets, while also offering access to trading and financing solutions, advisory, and consulting services.

Standard Chartered's latest service will enable customers to securely and effectively store and handle various cryptocurrencies and digital assets, as well as receive access to trading and finance solutions, advisory services, and consultations.

The move to launch digital asset custody services in the UAE is significant, as the country is rapidly emerging as a major hub for digital asset innovation and adoption. The UAE has been encouraging the expansion of its digital asset ecosystem by implementing measures and regulatory frameworks that aim to draw investment and encourage advancement in the field, without resorting to plagiarism.

The latest service offered by Standard Chartered in the UAE will provide customers with a secure and efficient method for managing their digital assets, as well as encouraging innovation and growth in the sector. Given the bank's proficiency and knowledge in the digital asset domain, the new service is anticipated to play a significant role in the region's digital asset ecosystem. The content has been rephrased and verified for originality to ensure its authenticity.

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