Standard Chartered has unveiled a new entity based in Luxembourg to serve as its EU “regulatory entry point” for the provision of crypto and digital asset custody services to its institutional customers across the region.Laurent Marochini will lead Standard Chartered’s new entity (Image: LinkedIn)The London-based banking group has launched the new unit after receiving a licence in Luxembourg to offer digital asset custody services.Margaret Harwood-Jones, Global Head of Financing and Securities Services at Standard Chartered, says the move will enable the company to offer its institutional clients access to the digital asset ecosystem while “also providing the level of security that comes with being an appropriately regulated entity”.The move advances Standard Chartered’s global digital asset strategy and builds on the bank’s recent launch of digital asset custody services in the UAE.To lead the new unit, Standard Chartered has named Laurent Marochini as the CEO of the Luxembourg-based business.Marochini joins the bank from Société Générale, where he acted as head of innovation for the past 15 years. His nearly 30-year career also includes experience at Credit Suisse and BNP Paribas.The news follows Standard Chartered’s announcement last month that it was exploring the potential sale of its wealth and retail banking units in Botswana, Uganda and Zambia.The bank explained the move as part of an initiative to “focus our resources on the cross-border needs of our CIB and affluent WRB clients”.
Mer. Gen 15th, 2025
