Standard Chartered Launches Crypto Custody Services in Europe – BitRss

Multinational bank Standard Chartered announced Thursday that it had formed a new entity offering crypto and digital asset custody services in the European Union. 

The news comes after the firm in September launched digital asset custody services in the United Arab Emirates. And last year, the British bank became one of the first global banks to enter spot crypto trading, with Bitcoin and Ethereum trading desks. 

“We are really excited to be able to offer our digital asset custody services to the EU region, enabling us to support our clients with a product that is changing the landscape of traditional finance, whilst also providing the level of security that comes with being an appropriately regulated entity,” said Standard Chartered Global Head of Financing and Securities Services Margaret Harwood-Jones, in a statement.

The new custody service will “serve growing client demand,” the bank said, and will be based …