Capital markets News

Standard Chartered launches digital asset custody in the UAE

standard chartered

Today Standard Chartered said it received a licenses for digital asset custody form the Dubai Financial Services Authority (DFSA). It previously announced plans for the offering last May.

While it wasn’t mentioned today, the solution is to be powered by its digital asset joint venture, Zodia Custody, and will initially support Bitcoin and Ethereum.

Its inaugural client is Brevan Howard Digital, which is quite a big deal, as we’ll explain.

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