StanChart forms new entity for digital assets custody services in EU
Published by Global Banking & Finance Review®
Posted on January 10, 2025
1 min readLast updated: January 27, 2026

Published by Global Banking & Finance Review®
Posted on January 10, 2025
1 min readLast updated: January 27, 2026

Standard Chartered has established a new entity in Luxembourg to offer digital asset custody services, aiming to meet the rising demand in the EU market.
(Reuters) - Standard Chartered has formed a new entity in Luxembourg to offer crypto and digital asset custody services in the European Union, as the global lender looks to cash in on the growing demand for digital security.
StanChart is among several major financial institutions that have been entering the crypto sector as more institutional investors adopt the growing asset class.
The lender recently launched digital asset custody services in the United Arab Emirates.
Standard Chartered has appointed Laurent Marochini, a former innovation head at Societe Generale, as the chief of the Luxembourg entity.
Zodia Custody, a crypto custodian owned by Standard Chartered, in March 2023 said it had registered its Irish unit with Luxembourg's financial regulator.
(Reporting by Rishav Chatterjee in Bengaluru; Editing by Mrigank Dhaniwala)
The article discusses Standard Chartered's new entity in Luxembourg for digital assets custody services in the EU.
The bank aims to capitalize on the growing demand for digital security and crypto services among institutional investors.
Laurent Marochini, formerly of Societe Generale, is appointed as the chief of the Luxembourg entity.
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