Standard Chartered is expanding its prime-brokerage role with 24X to digital assets BTC and ETH, having previously focused on foreign exchange and certain rates products. Eligible institutional counterparties will be able to execute foreign-exchange and cryptocurrency trades through unified infrastructure while dealing with Standard Chartered as their central counterparty. The arrangement specifically covers Bitcoin, Ether, foreign exchange, non-deliverable forwards and spot services, without immediately extending to every token, derivative or jurisdiction. The announcement provides no details on trading volumes, fees, or the full settlement, custody and collateral terms. Active institutional adoption will therefore be the main indicator of the partnership’s success.
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