Standard Chartered: Will launch Bitcoin and Ethereum custody services in Hong Kong next year

According to a report by Hong Kong media Ming Pao, Standard Chartered Hong Kong and Greater China & North Asia CEO Mary Huen stated that Standard Chartered welcomes the "FinTech 2030" announced by the Monetary Authority, which coincides with the ongoing "Hong Kong FinTech Week." Standard Chartered will launch innovative digital asset solutions in Hong Kong next year, including digital asset custody services supporting the two largest cryptocurrencies by market capitalization, namely Bitcoin and Ethereum, as well as strategic collaboration plans with other institutions.

Standard Chartered Hong Kong pointed out that the bank plans to be the first in Hong Kong to launch digital asset custody services supporting Bitcoin and Ethereum in January next year, expanding the services currently offered in Luxembourg and the UAE (through the Dubai International Financial Centre). Standard Chartered Hong Kong mentioned that it has been actively supporting various innovative projects to promote the development of a comprehensive digital asset ecosystem in Hong Kong, covering multiple areas including retail and corporate clients, as well as local and cross-border transactions. The bank has also participated in several pilot innovation programs led by the Monetary Authority, such as the Ensemble project, mBridge project, "Digital Hong Kong Dollar" pilot program, Gen A.I. sandbox, and distributed ledger technology regulatory incubator, among others.