Standard Chartered has rolled out deliverable spot trading in Bitcoin and Ethereum for institutional clients in the UAE, becoming the first global systemically important bank to provide the service in the region.
HSBC and Standard Chartered have completed the first live cross-border banking transaction on Swift's new 24/7 blockchain-based ledger, marking a significant milestone in Swift's pilot project to pivot from messaging to settlement as it adapts to the rise of stablecoins and tokenized deposits.
Anchorpoint Financial, a joint venture between Standard Chartered, Animoca Brands, and HKT, has launched beta access for its HKDAP stablecoin pegged to the Hong Kong dollar. The launch marks the expansion of Hong Kong's stablecoin ecosystem a year after the city implemented its stablecoin licensing law.
Anchorpoint Financial, a joint venture between Standard Chartered, Animoca Brands, and HKT, has launched beta access for its HKDAP stablecoin pegged to the Hong Kong dollar. The launch marks the expansion of Hong Kong's stablecoin ecosystem a year after the city implemented its stablecoin licensing law.
Yellow Card, a global stablecoin infrastructure provider, has secured $40 million in strategic funding from investors including SC Ventures by Standard Chartered, Sony Innovation Fund, Polychain Capital, and Blockchain Capital. The company plans to use the capital to expand its Global USD Accounts product and stablecoin payment rails into Latin America, EMEA, and Asia-Pacific regions.
Digital Asset, creator of the Canton blockchain network, announced that South Korea's Shinhan Financial Group and Standard Chartered's SC Ventures had joined its previously announced oversubscribed $355 million funding round. The Block reported, citing a source with direct knowledge of the matter, that the investments added $10 million, bringing the round to $365 million at the same $2 billion equity valuation.
Standard Chartered analyst Geoff Kendrick initiated coverage on Uniswap with a $100 price target by 2030 (40x current levels), projecting DeFi total value locked to reach $2.7 trillion driven by tokenized real-world assets.
Zodia Custody obtained a payment institution license from Luxembourg's financial regulator to expand EU stablecoin services, while CEO Julian Sawyer confirmed Standard Chartered's full acquisition is targeting completion by end of August 2026.
Senators and the White House have reached a tentative agreement to resolve the contentious stablecoin yield restrictions in the CLARITY Act, though the compromise has drawn mixed reactions from the crypto industry. Coinbase reportedly continues to oppose the updated draft language despite the agreement.
