According to a report by Deep Tide TechFlow, SC Ventures, the venture capital arm of Standard Chartered Bank, plans to raise $250 million for a fund focused on digital asset investment in the financial services sector. Gautam Jain, a member of SC Ventures, stated during the Money 20/20 fintech event in Riyadh that the department plans to launch this fund next year, with some funds coming from Middle Eastern investors, and the investment scope covering the globe.