Standard Chartered partnered with fintech AXG in the first institutional custody mandate of crypto assets in Hong Kong.
An announcement from the bank said the partnership follows sustained engagement with regulators, market infrastructure providers and technology partners to bring institutional use cases of these assets to life. “It follows the steady progress Standard Chartered and AXG have made in aligning operational, custody and governance standards with regulatory expectations, enabling this market first delivery.”
Assets will be safe kept on Standard Chartered’s custody framework, and issued on AXG AI and blockchain driven platform. The solution is for regulated financial institutions and professional investors.
