Standard Chartered, the British banking group, has partnered with Asian company BC Group to launch a cryptocurrency exchange for institutional clients in Europe.
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Today, @bctechgroup and @osldotcom entered into a joint-venture with @StanChart’s @scventuresDNA to establish a digital asset brokerage and exchange platform for institutional and corporate clients in the UK and Europe
More details on this exciting venture:https://t.co/IFvJxmWZLy pic.twitter.com/EpBas6h5pR\n
— OSL (@osldotcom) June 2, 2021
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The trading platform’s launch is scheduled for the fourth quarter of 2021. The head of the new company will be Usman Ahmad, BC Group’s chief information officer. The chief operating officer has been appointed as Nick Filpott from the bank’s venture arm, SC Ventures.
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BC Group is the parent company of the Hong Kong trading platform OSL, whose technology the partners will use to launch the European Bitcoin exchange.
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Back in December 2020, SC Ventures and the financial services provider Northern Trust announced the launch of an institutional cryptocurrency custody solution.
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The Zodia Custody service will commence operations in 2021 after registration with the United Kingdom’s Financial Conduct Authority (FCA). In the initial phase it will support Bitcoin and Ethereum. Later the platform will add XRP, Litecoin and Bitcoin Cash.
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