Standard Chartered entered the European cryptocurrency market after securing a digital asset license in Luxembourg.

Standard Chartered, one of the world’s largest banks, is debuting cryptocurrency services in Europe after obtaining a digital asset license in Luxembourg. The bank announced on Jan. 9 that it is establishing a new entity in Luxembourg to act as its European Union regulatory entry point for offering crypto and digital asset custody services.

Standard Chartered, a leading global bank, has started offering cryptocurrency custody services in Europe after securing a license under the region’s new regulatory framework. On January 9, the banking giant announced its new European entity situated in Luxembourg,

British bank Standard Chartered is offering more digital asset services, this time with crypto custody for EU clients.

Standard Chartered Bank is deepening its foothold in the digital assets ecosystem with the establishment of a new unit in Luxembourg.

Standard Chartered has secured a crypto custody license in Luxembourg. The Luxembourg office will serve as Standard Chartered’s entry point into the EU. As traditional

Standard Chartered revealed that it obtained regulatory approval in Luxembourg to offer digital asset custody services. The financial institution said the Luxembourg hub will serve as its regulatory entry point to the EU market.