Standard Chartered Wins MiCA Approval in Luxembourg for European Digital Asset Custody

Standard Chartered has secured a Markets in Crypto-Assets authorisation and an Electronic Money Institution licence in Luxembourg, establishing the country as the hub for its European digital asset custody operations. The approvals follow engagement with Luxembourg's financial regulator CSSF. The bank, which established its Luxembourg entity in 2025, plans to roll out services in phases across EU member states, potentially leveraging MiCA passporting to extend operations without requiring separate authorisations in each country. The dual licences enable Standard Chartered to offer regulated crypto custody services and handle client payment flows tied to those operations, positioning the bank to compete with crypto-native custody providers across the EU.
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