Standard Chartered Bank is planning to launch a prime brokerage service for digital assets, marking a new step in its strategy to expand its crypto operations in the institutional segment. According to industry sources, this service will be launched through SC Ventures, Standard Chartered's investment and innovation arm.
Separating from traditional banks to optimize Capital.
Placing the crypto prime brokerage under SC Ventures is considered a strategic move, helping Standard Chartered avoid the stringent Basel III Capital requirements for high-risk assets like cryptocurrencies. This structure allows the bank to offer services to institutional clients – including trading, custody, financing, and liquidation management – without increasing pressure on its core balance sheet.
Completing the digital asset service ecosystem.
Prime brokerage crypto will directly complement Standard Chartered's existing digital asset portfolio, including Spot Trading , as well as strategic investments in Zodia Custody and Zodia Markets. The bank's goal is to build a comprehensive chain of services for institutional clients, from custody and trading to Derivative and financing.
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In line with the consolidation trend in the industry.
Standard Chartered's move comes as the market for institutional crypto services is entering a period of strong consolidation. Recently, several large deals have emerged, including expansions by Ripple and FalconX to strengthen their prime brokerage and liquidation capabilities for institutional clients.
Clear signals for crypto at the global banking level.
