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<p>To create its own platform, <strong>Standard Chartered</strong> has entered into a partnership agreement with <strong>BC Group</strong>, which owns the Hong Kong trading platform OSL.</p>



<p><strong>Standard Chartered</strong> (# 8 by assets in the <strong>UK banking market</strong>) <a href="https://osl.com/en/in-the-news/press-releases/20210602pressrelease" target="_blank" rel="noreferrer noopener">will launch an <strong>exchange </strong>for European institutional clients on which <strong>crypto assets</strong></a><strong> </strong>will be traded in the fourth quarter of 2021. </p>



<p>For the bank, it has partnered with the <strong>BC Group</strong>, which owns the <strong>Hong Kong</strong>-based <strong>trading platform OSL</strong>. <strong>Standard Chartered</strong> uses the technologies of this platform to develop its <strong>crypto-exchange.</strong></p>


<blockquote class="twitter-tweet">
<p lang="en" dir="ltr">Today, <a href="https://twitter.com/bctechgroup?ref_src=twsrc%5Etfw">@bctechgroup</a> and <a href="https://twitter.com/osldotcom?ref_src=twsrc%5Etfw">@osldotcom</a> entered into a joint-venture with <a href="https://twitter.com/StanChart?ref_src=twsrc%5Etfw">@StanChart</a>’s <a href="https://twitter.com/scventuresDNA?ref_src=twsrc%5Etfw">@scventuresDNA</a> to establish a digital asset brokerage and exchange platform for institutional and corporate clients in the UK and Europe<br />More details on this exciting venture:<a href="https://t.co/IFvJxmWZLy">https://t.co/IFvJxmWZLy</a> <a href="https://t.co/EpBas6h5pR">pic.twitter.com/EpBas6h5pR</a></p>
<p>— OSL (@osldotcom) <a href="https://twitter.com/osldotcom/status/1400029234429456384?ref_src=twsrc%5Etfw">June 2, 2021</a></p></blockquote>
<p> <script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>



<p><strong>Usman Ahmad</strong>, CIO of <strong>BC Group</strong>, will head the <strong>cryptocurrency exchange</strong>, and <strong>Nick Philpott</strong>, a member of Standard <strong>Chartered</strong> venture capital, will become the COO of the new company.</p>



<p>Earlier, one of the largest US investment banks, <a href="https://cointopsecret.com/2021/05/24/goldman-sachs-recognizes-bitcoin-as-an-asset-class/"><strong>Goldman Sachs</strong>, recognized <strong>bitcoin </strong>as an asset class</a>. A bank representative also reported on the growing demand for <strong>cryptocurrencies </strong>among institutional investors and asset managers.</p>



<p><strong>Standard Chartered</strong> is a <strong>British bank</strong> formed in 1969 as a result of the merger of the Chartered Bank of <strong>India</strong>, <strong>Australia </strong>and <strong>China </strong>and <strong>Standard Bank </strong>of <strong>British South Africa</strong>. Its head office is located in London.</p>



<p><strong>BC Group</strong> is an <strong>investment </strong>holding company whose main activity is related to <strong>crypto assets</strong> and <strong>blockchain platforms</strong>.</p>



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