Key Takeaways
- Customary Chartered is planning to launch a crypto prime brokerage underneath its enterprise capital arm, SC Ventures.
- The brokerage goals to serve institutional purchasers with providers like custody, financing, buying and selling, and clearing for digital belongings.
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Customary Chartered, the main British multinational financial institution, is contemplating launching a crypto prime brokerage that may sit underneath the financial institution’s enterprise capital unit, SC Ventures, Bloomberg reported Monday, citing individuals with information of the plan.
Talks concerning the proposed service are nonetheless preliminary, and plans have but to be finalized, the individuals mentioned.
The lender has pursued a broad digital asset technique via SC Ventures, together with investments in platforms resembling Zodia Custody, a digital asset custodian for institutional buyers initially launched in partnership with Northern Belief.
SC Ventures serves because the financial institution’s innovation arm, driving its digital asset technique and bridging conventional finance with the crypto ecosystem.
Final month, Customary Chartered and Coinbase introduced an expanded partnership to develop complete crypto prime providers for institutional purchasers, together with buying and selling, custody, staking, and lending. The joint effort will improve the regulated digital asset infrastructure, assembly growing calls for for scalable and compliant crypto options in institutional markets.
