Standard Chartered deepens crypto push
SC Ventures, the venture arm of Standard Chartered, has committed 0 million to a digital assets fund, Bloomberg reported, in the latest sign of institutional adoption of decentralised finance.
The fund is scheduled to launch in 2026 with backing from Middle Eastern investors.
Speaking at the Money 20/20 event in Riyadh, SC Ventures’ operating partner Gautam Jain outlined the firm’s plans, emphasising a focus on global investment opportunities.
According to Jain, the capital will support financial services, particularly in areas such as blockchain technology, tokenisation, and other regulated digital assets.
The move adds to a series of steps highlighting the firm’s commitment to digital assets. In April, it launched a collateral-programme in partnership with cryptocurrency exchange OKX.
In July, it became the first global systemically important bank to offer Bitcoin and Ether through its UK branch.