Standard Chartered to Launch Institutional Crypto Custody Solution

[Riya143]

Standard Chartered’s venture and innovation arm has been working on a crypto custody offering for the institutional market and the first pilot could launch later this year.

Alex Manson, the head of SC Ventures, confirmed to CoinDesk Monday the firm is building what he claimed would become one of the most-secure crypto custody solutions on the market.

Details remain thin on the ground, but Manson said that as many as 20 institutions have expressed interest in the custodial solution. Although it will be based in the U.K., it will be open to clients from around the world. As well as assets such as bitcoin, SC Ventures is looking at also making the solution suitable for security tokens.
Read More: https://www.coindesk.com/standard-chartered-to-launch-institutional-crypto-custody-solution