Standard Chartered Said to Weigh Crypto Prime Brokerage

Standard Chartered is exploring the development of a cryptocurrency prime brokerage platform. The consideration points to the bank’s ambition to further embed itself in the digital asset ecosystem alongside its traditional finance peers.

According to unnamed sources cited by Bloomberg, the bank’s SC Ventures unit is involved in preliminary discussions to build the service. The project is not finalized, and its launch window remains undetermined.

Standard Chartered has not officially commented on the report. The bank took a prior step into the space by enabling institutional cryptocurrency trading in July 2025.

The news emerges as large financial firms accelerate their crypto activities. For instance, Morgan Stanley filed paperwork for an Ether ETF in the past week.

This follows the decision by Bank of America to approve four spot Bitcoin ETFs for its wealth management clients, a major endorsement from a leading US banking institution.