{"id":190355,"date":"2023-11-09T14:26:46","date_gmt":"2023-11-09T08:56:46","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=190355"},"modified":"2023-11-09T14:26:46","modified_gmt":"2023-11-09T08:56:46","slug":"standard-chartereds-sc-ventures-sbi-holdings-launch-crypto-investment-firm-in-uae-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/standard-chartereds-sc-ventures-sbi-holdings-launch-crypto-investment-firm-in-uae-crypto-news\/","title":{"rendered":"Standard Chartered\u2019s SC Ventures, SBI Holdings launch crypto investment firm in UAE\u00a0 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>SC Ventures, the venture arm owned by British multinational bank Standard Chartered, announced a joint venture with Japanese financial conglomerate SBI Holdings, to establish a digital asset investment company in the United Arab Emirates (UAE).\u00a0<\/p>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/bitcoin-breaks-us36000-sec-enters-potential-etf-approval-period\/\">Bitcoin breaks US$36,000 as SEC enters potential ETF approval period<\/a><\/p>\n<h3 class=\"wp-block-heading\">Fast Facts<\/h3>\n<ul>\n<li>\u201cThe Digital Asset Joint Venture will be an important vehicle to explore the emerging digital asset ecosystem opportunities globally,\u201d said Alex Manson, the chief executive officer of SC Ventures.<\/li>\n<li>The new investment company will be capitalized with US$100 million by the two parties, according to a press release shared with <em>Forkast.<\/em><\/li>\n<\/ul>\n<ul>\n<li>The venture aims to invest in various digital asset firms, including market infrastructure developers, decentralized finance (DeFi), tokenization, consumer payments, risk and compliance tools and the metaverse.<\/li>\n<\/ul>\n<ul>\n<li>Standard Chartered\u2019s crypto custody wing, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/standard-chartered-zodia-custody-launch-hong-kong\/\">Zodia Custody<\/a>, launched in Hong Kong at the end of October.<\/li>\n<\/ul>\n<ul>\n<li><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/standard-chartered-zodia-launch-singapore\/\">Zodia also launched<\/a> its services for financial institutions in Singapore in early September, claiming to be the first bank-owned entity to provide institutional crypto custody services in the country. The firm also launched its services in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/financefeeds.com\/zodia-custody-and-sbi-digital-asset-holdings-launch-jv-for-crypto-asset-custodian-in-japan\/\">Japan<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/zodia.io\/zodia-custody-launches-saf3-in-australia\/\">Australia<\/a> earlier this year.<\/li>\n<\/ul>\n<ul>\n<li>Standard Chartered is a London-headquartered multinational banking conglomerate founded in 1969 with over 653 branches and 83,000 employees worldwide.<\/li>\n<\/ul>\n<p><strong><em>See related article: <\/em><\/strong><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forkast.news\/hsbc-plans-tokenized-securities-custody-service-ripples-metaco\/\">HSBC plans tokenized securities custody service with Ripple\u2019s Metaco<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>SC Ventures, the venture arm owned by British multinational bank Standard Chartered, announced a joint venture with Japanese financial conglomerate SBI Holdings, to establish a digital asset investment company in the United Arab Emirates (UAE).\u00a0 See related article: Bitcoin breaks US$36,000 as SEC enters potential ETF approval period Fast Facts \u201cThe Digital Asset Joint Venture [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":190356,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-190355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/190355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=190355"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/190355\/revisions"}],"predecessor-version":[{"id":190357,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/190355\/revisions\/190357"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/190356"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=190355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=190355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=190355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}