Standard Chartered and SIX Digital Exchange (SDX) have signed a Memorandum of Understanding (MoU) for the bank to “deepen its collaboration” with the exchange operator in the crypto asset space. As part of this strategic move, Standard Chartered will be joining SDX’s CSD platform for digital asset custody.
Standard Chartered states in a press release that the collaboration will provide its global clients with an easier access to Switzerland’s emerging digital securities ecosystem, but the benefit is mutual. SDX head David Newns says, “Their (Standard Chartered’s) decision to join our platform marks a major milestone in expanding the Swiss digital securities ecosystem with an international bank. This step strengthens Switzerland’s position as a global hub for digital assets and enhances connectivity between Europe, Asia, and the Middle East.”
