Trojan horse. With the introduction of the MiCA regulation in Europe at the start of 2025, digital finance players must now submit to the strict rules newly in force. For the international banking services giant Standard Chartered, this reorganization involves the creation of a new entity in Luxembourg in order to be able to serve all of its European clients. The bank founded in the 19th century continues its forays into Web3 and after the United Arab Emiratesit is on the Old Continent that she sets down her suitcases.
- Standard Chartered has created a new entity in Luxembourg to comply with the MiCA regulation in Europe.
- The bank has appointed Laurent Marochini as CEO of this entity, strengthening its ambitions for digital assets in Europe.
The multinational creates an entity in Luxembourg to develop its activities in the EU of MiCA
In a press release published on January 9 at the end of the afternoon, the bank present on all continents announced the creation of a new entity to meet the regulatory requirements of Bruxelles :
“Standard Chartered today announced the opening of its new entity in Luxembourg which will serve as a regulatory entry point into the European Union (EU) for the provision of crypto and digital asset custody services to clients of the EU, following the implementation of the MiCA regulation. »
Margaret Harwood-Jones, global head of financing and securities services – Source : Communiqué de presse
Management specifies that the choice fell on the Luxembourgbecause the country has “a well-balanced regulatory and financial environment” and she appointed Laurent Marochini as CEO of this new entity. The gentleman is not unknown in the industry since he held the position of head of innovation at Société Générale for several years.
Standard Chartered was obviously delighted to be able to offer all of its services to 450 million Europeans:
-“We are really excited to be able to offer our digital asset custody services to the EU region, which will allow us to support our clients with a product that changes the landscape of traditional finance, while providing the level of security that comes with being an appropriately regulated entity. We are extremely proud to be paving the way for our institutional clients to access the digital asset ecosystem. »
Margaret Harwood-Jones, global head of financing and securities services – Source : Communiqué de presse
The bank not only offers custody services to its clients, as its in-house analysts also publish reports on cryptocurrency and market developments. Recently, its experts predicted, for example, that Solana could quintuple following the election of Donald Trump and the acceptance of a Solana ETF. Response in a few weeks for Standard Chartered customers who would have followed his advice!
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