After launching its digital asset custody service in the UAE in September, Standard Chartered has now created a digital asset custody subsidiary in Luxembourg. It will serve clients in compliance with the EU’s MiCA regulations for cryptocurrency as well as servicing other digital assets.
To date Luxembourg is one of the main EU destinations for the issuance of tokenized bonds and funds.
The new CEO is Laurent Marochini, who was formerly Head of Innovation at Societe Generale Securities Services, based in Luxembourg. At the Association of the Luxembourg Fund Industry (ALFI) he also co chairs the working group on blockchain and cryptocurrency.
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