Tradestar, a platform for digital asset trading, launched by StanChart, is targeted at institutional investors.
Standard Chartered Bank, a leading global financial institution, has announced the launch of a comprehensive digital asset trading service for institutional clients. The service, which is integrated with Standard Chartered's existing platforms, allows clients to transact, trade, and manage digital assets such as Bitcoin and Ether safely and efficiently within regulatory requirements.
The bank's digital asset trading offering includes spot trading for Bitcoin (XBT/USD) and Ether (XET/USD) through its UK branch. This makes Standard Chartered the first global bank to offer deliverable spot cryptoasset trading for institutional clients. Clients can settle to their choice of custodian, including Standard Chartered's secure digital assets custody solutions.
Beyond trading and custody services, Standard Chartered offers digital asset tokenization services through its portfolio company, Libeara. This service enables the creation of digital tokens representing real-world assets, opening up new opportunities for asset digitization and fractional ownership.
In addition, the bank plans to expand its digital asset offerings by introducing non-deliverable forwards (NDFs) for Bitcoin and Ether. NDFs are financial derivatives that allow clients to manage digital asset risk more flexibly.
Standard Chartered's investments in firms like Zodia Custody and Zodia Markets support its broader digital asset infrastructure. These partnerships provide institutional clients with real-time settlement and capital efficiency enhancements.
Speaking about the expansion, Kariuki Ngari, StanChart Kenya and Africa chief executive, stated that digital assets are a foundational element of the evolution in financial services. Standard Chartered Bank is applying its global expertise, infrastructure, and risk management frameworks to the digital assets space.
The bank's digital asset services are regulated by the Financial Conduct Authority (FCA), the UK's regulatory body for financial services. Standard Chartered is an FCA-registered cryptoasset service provider.
In conclusion, Standard Chartered offers a wide range of digital asset services, including trading, custody, tokenization, and planned derivative products like NDFs. This positions the bank as a comprehensive digital asset services provider for institutional clients within regulatory frameworks.
[1] Standard Chartered Press Release: [Link to Press Release] [2] Standard Chartered Blog Post: [Link to Blog Post] [3] Zodia Custody Press Release: [Link to Press Release] [4] Zodia Markets Press Release: [Link to Press Release]
- As Standard Chartered Bank continues to invest in digital asset infrastructure, their offering expands beyond trading and custody to include digital asset tokenization, non-deliverable forwards (NDFs) for Bitcoin and Ether, and collaborations with firms like Zodia Custody and Zodia Markets for real-time settlement and capital efficiency enhancements.
- Recognizing the potential of digital assets in the evolution of financial services, Standard Chartered Bank is leveraging its global expertise, infrastructure, and risk management frameworks to provide institutional clients a wide range of services within regulatory frameworks, including health-conscious investments in technologies that prioritize both business efficiency and regulatory compliance in the health and finance sectors.
