According to TechFlow, on September 11, according to financefeeds, Standard Chartered Bank announced the official launch of digital asset custody services in the United Arab Emirates. The service has been licensed by the Dubai Financial Services Authority (DFSA) within the Dubai International Financial Center (DIFC). Brevan Howard Digital, the crypto and digital asset division of the British hedge fund Brevan Howard, became Standard Chartered's first client in the region.
Standard Chartered said the UAE has taken a "balanced approach" to digital assets, striking a good balance between promoting digital asset adoption and financial regulation. Currently, the service supports custody of Bitcoin and Ethereum, and plans to expand to more digital assets in the coming months. Standard Chartered is also actively exploring opportunities to expand custody services to other key financial centers.
Bill Winters, CEO of Standard Chartered Group, said that the launch of digital asset custody services is a critical moment not only for Standard Chartered, but also for the entire financial services industry. He emphasized that digital assets are not just a short-term trend, but a fundamental shift in the financial sector.
