Standard Chartered: Will launch Bitcoin and Ether custody services in Hong Kong next year.

On November 4, according to Hong Kong media Ming Pao, Standard Chartered Hong Kong and Greater China and North Asia Chief Executive Officer Huen Huiyi said that Standard Chartered welcomes the “Fintech 2030” announced by the HKMA, and at the same time announced during the “Hong Kong Fintech Week”, Standard Chartered will launch innovative digital asset solutions in Hong Kong next year, including digital asset custody services that support the two largest cryptocurrencies by market capitalization, namely Bitcoin and Ether, as well as the launch of strategic cooperation plans with other institutions.

Standard Chartered Hong Kong pointed out that the bank plans to launch digital asset custody services supporting Bitcoin and Ether in Hong Kong first in January next year, expanding the services currently offered in Luxembourg and the UAE (through the Dubai International Financial Centre).

Standard Chartered Hong Kong mentioned that it has been actively supporting various innovative projects to promote the development of a comprehensive digital asset ecosystem in Hong Kong, covering multiple areas including retail and corporate clients, local and cross-border transactions, and has participated in several pilot innovation programs led by the Hong Kong Monetary Authority, such as the Ensemble project, mBridge project, “Digital Hong Kong Dollar” pilot program, GenA.I. sandbox, and distributed ledger technology regulatory incubator.