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Standard Chartered Launches Crypto Trading Desk, Leading the Way for Regulated Financial Institutions

CointimeCointime2024/07/04 15:55
By:Cointime

Experts in the digital asset development community advise focusing on delivering production use cases to achieve success in 2024, despite challenges such as job losses and funding cuts. The digital financial market infrastructure is making great progress and experiencing positive growth, with five important developments to watch for, including the approval of multiple bitcoin ETFs and the launch of a crypto trading desk by Standard Chartered bank. Standard Chartered has become the first large regulated financial institution to offer clients access to crypto spot markets, while private debt is expected to be the first asset class to be tokenized and routinely traded. The stablecoin market is becoming increasingly competitive with the entry of PayPal and SocGen, and the Bank for International Settlements (BIS) Innovation Hub has announced Project Agora, a public-private initiative focused on the tokenization of cross-border payments.

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