Friday, June 6, 2025

British Bank To Launch Crypto Exchange For Institutional Investors

&NewLine;<&excl;-- Google AdSense AMP snippet added by Site Kit -->&NewLine;<amp-auto-ads type&equals;"adsense" data-ad-client&equals;"ca-pub-7026113949539412"><&sol;amp-auto-ads>&NewLine;<&excl;-- End Google AdSense AMP snippet added by Site Kit -->&NewLine;&NewLine;<p>To create its own platform&comma; <strong>Standard Chartered<&sol;strong> has entered into a partnership agreement with <strong>BC Group<&sol;strong>&comma; which owns the Hong Kong trading platform OSL&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Standard Chartered<&sol;strong> &lpar;&num; 8 by assets in the <strong>UK banking market<&sol;strong>&rpar;  <a href&equals;"https&colon;&sol;&sol;osl&period;com&sol;en&sol;in-the-news&sol;press-releases&sol;20210602pressrelease" target&equals;"&lowbar;blank" rel&equals;"noreferrer noopener">will launch an <strong>exchange <&sol;strong>for European institutional clients on which <strong>crypto assets<&sol;strong><&sol;a><strong> <&sol;strong>will be traded in the fourth quarter of 2021&period; <&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>For the bank&comma; it has partnered with the <strong>BC Group<&sol;strong>&comma; which owns the <strong>Hong Kong<&sol;strong>-based <strong>trading platform OSL<&sol;strong>&period; <strong>Standard Chartered<&sol;strong> uses the technologies of this platform to develop its <strong>crypto-exchange&period;<&sol;strong><&sol;p>&NewLine;&NewLine;&NewLine;<blockquote class&equals;"twitter-tweet">&NewLine;<p lang&equals;"en" dir&equals;"ltr">Today&comma; <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;bctechgroup&quest;ref&lowbar;src&equals;twsrc&percnt;5Etfw">&commat;bctechgroup<&sol;a> and <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;osldotcom&quest;ref&lowbar;src&equals;twsrc&percnt;5Etfw">&commat;osldotcom<&sol;a> entered into a joint-venture with <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;StanChart&quest;ref&lowbar;src&equals;twsrc&percnt;5Etfw">&commat;StanChart<&sol;a>’s <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;scventuresDNA&quest;ref&lowbar;src&equals;twsrc&percnt;5Etfw">&commat;scventuresDNA<&sol;a> to establish a digital asset brokerage and exchange platform for institutional and corporate clients in the UK and Europe<br &sol;>More details on this exciting venture&colon;<a href&equals;"https&colon;&sol;&sol;t&period;co&sol;IFvJxmWZLy">https&colon;&sol;&sol;t&period;co&sol;IFvJxmWZLy<&sol;a> <a href&equals;"https&colon;&sol;&sol;t&period;co&sol;EpBas6h5pR">pic&period;twitter&period;com&sol;EpBas6h5pR<&sol;a><&sol;p>&NewLine;<p>— OSL &lpar;&commat;osldotcom&rpar; <a href&equals;"https&colon;&sol;&sol;twitter&period;com&sol;osldotcom&sol;status&sol;1400029234429456384&quest;ref&lowbar;src&equals;twsrc&percnt;5Etfw">June 2&comma; 2021<&sol;a><&sol;p><&sol;blockquote>&NewLine;<p> <script async&equals;"" src&equals;"https&colon;&sol;&sol;platform&period;twitter&period;com&sol;widgets&period;js" charset&equals;"utf-8"><&sol;script><&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Usman Ahmad<&sol;strong>&comma; CIO of <strong>BC Group<&sol;strong>&comma; will head the <strong>cryptocurrency exchange<&sol;strong>&comma; and <strong>Nick Philpott<&sol;strong>&comma; a member of Standard <strong>Chartered<&sol;strong> venture capital&comma; will become the COO of the new company&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p>Earlier&comma; one of the largest US investment banks&comma; <a href&equals;"https&colon;&sol;&sol;cointopsecret&period;com&sol;2021&sol;05&sol;24&sol;goldman-sachs-recognizes-bitcoin-as-an-asset-class&sol;"><strong>Goldman Sachs<&sol;strong>&comma; recognized <strong>bitcoin <&sol;strong>as an asset class<&sol;a>&period; A bank representative also reported on the growing demand for <strong>cryptocurrencies <&sol;strong>among institutional investors and asset managers&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>Standard Chartered<&sol;strong> is a <strong>British bank<&sol;strong> formed in 1969 as a result of the merger of the Chartered Bank of <strong>India<&sol;strong>&comma; <strong>Australia <&sol;strong>and <strong>China <&sol;strong>and <strong>Standard Bank <&sol;strong>of <strong>British South Africa<&sol;strong>&period; Its head office is located in London&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><strong>BC Group<&sol;strong> is an <strong>investment <&sol;strong>holding company whose main activity is related to <strong>crypto assets<&sol;strong> and <strong>blockchain platforms<&sol;strong>&period;<&sol;p>&NewLine;&NewLine;&NewLine;&NewLine;<p><&sol;p>&NewLine;

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