Old-established financial institutions are also feeling the pressure. Standard Chartered Bank is planning to develop a crypto asset prime brokerage business within its independent venture capital arm, SC Ventures, targeting the institutional trading market. The project is still in the planning stage, but the logic behind it is very clear—Basel III's 1250% risk weight for "permissionless crypto assets" like Bitcoin and Ethereum means that directly engaging in this business within traditional investment banking systems would result in extremely high capital consumption.
The most straightforward way to bypass this "sky-high cost" is to operate through an independent department. Standard Chartered has been continuously expanding into the digital asset space in recent years, and this time, it is extending its reach into the core link of institutional trading. The impact on traditional banking systems is far more intense than expected.
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MetaverseLandlord
· 1h ago
Haha, bypassing regulatory costs to operate as an independent department, traditional finance is really becoming more and more unscrupulous.
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MidnightTrader
· 9h ago
Damn, the 1250% risk weight is forcing banks to come up with tricks. This is the future we want.
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WhaleWatcher
· 9h ago
1250% risk weight is truly incredible. Banks are starting to get involved as well. Traditional finance can no longer sit still now.
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LayerHopper
· 9h ago
Haha, Standard Chartered's move is quite aggressive. The 1250% risk weight directly forces a detour. This is the work of an established institution.
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0xTherapist
· 9h ago
Ha, here we go again? Bypassing regulatory costs by setting up independent departments, the old tricks of big banks are still the same.
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1250% risk weight is incredible, no wonder they are eager to find new ways.
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Has traditional finance really changed anything by entering the market? Still just trying to cut into the institutions' profits.
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What does Standard Chartered's move indicate? The crypto market has long been a hot commodity.
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I'm speechless, once again with the independent department approach. Regulations really can't stop these people.
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Institutional-level trading markets... sounds big, but in reality, it's just a shell game.
Old-established financial institutions are also feeling the pressure. Standard Chartered Bank is planning to develop a crypto asset prime brokerage business within its independent venture capital arm, SC Ventures, targeting the institutional trading market. The project is still in the planning stage, but the logic behind it is very clear—Basel III's 1250% risk weight for "permissionless crypto assets" like Bitcoin and Ethereum means that directly engaging in this business within traditional investment banking systems would result in extremely high capital consumption.
The most straightforward way to bypass this "sky-high cost" is to operate through an independent department. Standard Chartered has been continuously expanding into the digital asset space in recent years, and this time, it is extending its reach into the core link of institutional trading. The impact on traditional banking systems is far more intense than expected.