Standard Chartered Chooses UAE for Launch of Digital Asset Custody Service

Margaret Harwood-Jones, Global Head of Financing & Securities Services, highlighted the importance of secure, regulated solutions in the growing digital asset space. "Our offering goes beyond simple wallet services—it’s a comprehensive solution that addresses regulatory, risk, and prudential challenges," she explained, noting that the service caters to institutional clients who seek secure ways to navigate the complexities of digital asset custody.

Gautam Sharma, CEO of Brevan Howard Digital, called the service a significant win for the UAE and the broader digital asset industry. "Standard Chartered’s global reputation and commitment to this space add credibility, supporting institutional adoption," Sharma said. He praised the UAE's expanding role in digital finance and welcomed the bank’s involvement in enhancing industry standards.

Looking ahead, Standard Chartered plans to broaden its custody services to include a wider range of digital assets and is exploring opportunities to extend these services to other financial hubs in its footprint markets.

This launch reflects the growing institutional interest in digital assets and highlights the UAE’s position as a global leader in the rapidly evolving digital asset industry.