Standard Chartered | Crypto

The bank expects Sky to pass five times as much value to token holders by 2028 as USDS adoption and borrowing capacity continue to expand. Standard Chartered initiated coverage of Sky’s SKY token with a $0.325 price target for the end of 2028, up fivefold from the $0.065 price cited in a Friday report shared with Cointelegraph. Geoff Kendrick, the bank’s global head of digital assets research, likened Sky, a decentralized finance (DeFi) platform formerly known as MakerDAO, to a “federal bank” because it issues stablecoins, creates a governance framework and charges borrowers a wholesale interest rate. Kendrick wrote that Sky returns value to token holders primarily through staking rewards, with token buybacks accounting for a smaller share. Read more

Standard Chartered said it is the first major global bank to offer institutional access to spot Bitcoin and Ether trading in the UAE region. London-headquartered multinational bank Standard Chartered has launched spot Bitcoin and Ether trading for institutional clients in the United Arab Emirates (UAE), through its entity regulated by the Dubai International Financial Centre (DIFC). The move makes Standard Chartered the first global bank to offer institutional digital asset trading in the region and the first Global Systemically Important Bank (G-SIB) with a similar offering, the bank said in a Thursday announcement shared with Cointelegraph. Eligible institutional clients will be able to access spot Bitcoin (BTC) and Ether (ETH) trading through Standard Chartered’s electronic trading channels integrated into the bank’s existing platforms. Read more

The bank plans tokenized money market fund settlements in the fourth quarter as HKDAP expands its phased rollout into conventional banking. Standard Chartered Bank (Hong Kong), or SCBHK, has become the first bank authorized to distribute HKDAP, a regulated Hong Kong dollar-backed stablecoin issued by Anchorpoint Financial.  On Monday, the bank said it is engaging eligible institutional clients and partners on uses including tokenized fund settlements, treasury operations and cross-border payments during a phased rollout. Standard Chartered’s addition expands HKDAP distribution into conventional banking nearly two weeks after Anchorpoint began beta access through HashKey Group and OSL. SCBHK said it expects to introduce new commercial applications over the coming months. Read more

Standard Chartered’s Geoff Kendrick said Bitcoin could move toward its $126,000 all-time high after Oct. 6 as spot Bitcoin ETF inflows recover. Bitcoin may move toward its all-time high of $126,000 before the end of the year, with the recovery potentially accelerating after Oct. 6, according to Geoff Kendrick, global head of digital asset research at Standard Chartered. Kendrick said in a Friday note shared with Cointelegraph that the latest rally has been driven largely by short liquidations, while inflows into spot Bitcoin exchange-traded funds have also started to recover. He said low open interest could leave room for more investors to return as prices rise. “For the first time this year there is now a risk my end year forecast (of USD100k) is too low,” Kendrick wrote. Read more

Bitcoin’s rebound toward $69,000 is gaining momentum as Geoff Kendrick points to improving liquidity conditions and a potential cycle bottom. Bitcoin could be poised for a run toward $100,000 by year-end as the US Treasury ramps up support for the long end of the government bond market in an effort to rein in surging interest rates, according to Standard Chartered analyst Geoff Kendrick. In a recent client note shared with Cointelegraph, Kendrick said Bitcoin’s (BTC) key technical level is $65,500, with a break above that threshold potentially confirming that the cycle low is already in. “Investors should now be positioning for a move ot USD $100,000 by year-end 2026,” he wrote.  Read more

Standard Chartered said Robinhood’s Uniswap integration could solve a key challenge for new blockchains while accelerating UNI token burns. Robinhood’s partnership with Uniswap is helping the brokerage rapidly build liquidity on its new blockchain, potentially removing a key obstacle to attracting users and assets, according to Standard Chartered. In a recent note, Standard Chartered analyst Geoffrey Kendrick said Robinhood Chain has grown to nearly $1 billion in total value locked (TVL), which he described as the fastest growth of any blockchain by that measure. Virtually all of Robinhood Chain’s liquidity needs are being met through Uniswap V2, V3 and V4, Kendrick said. The arrangement gives Robinhood access to established decentralized finance infrastructure as it scales its blockchain, potentially strengthening its ability to attract users without having to build liquidity from scratch. Read more

Standard Chartered initiated coverage of Chainlink (LINK) with a $200 price target for 2030, laying out a staged path to get there: $13 by the end of this year, $41 in 2027, $82 in 2028, $133 in 2029, and $200 in 2030. LINK trades near $7.47 today, meaning the 2030 target implies roughly 27 times […] The post LINK could be next in line after Standard Chartered’s UNI and AAVE targets sparked sharp repricings appeared first on CryptoSlate.

The LINK token may see a 25-fold increase to $200 by the end of 2030, as the growing real world asset market increases demand for the industry’s largest oracle services provider, according to Standard Chartered. The Chainlink (LINK) token may see an more than 25-fold increase by the end of the decade, as tokenized real world assets (RWA) will reach $4 trillion by the end of 2028, according to a forecast by Geoff Kendrick, the global head of digital asset research at Standard Chartered. Kendrick said that the growth in tokenized assets will require more external data to come securely onchain, which may increase Chainlink’s fee generation and push its LINK token to $200 by the end of 2030, up from $8 today, according to a Monday report shared with Cointelegraph. The report also forecast a 37-fold rise in tokenized and crypto-native assets deployed in decentralized finance, pushing these assets to $2.7 trillion by the end of 2030. Kendrick said these assets will require trusted data, interoperability between net...

Standard Chartered and Circle launch bank-led USDC minting and redemption for institutions, starting in Dubai’s DIFC with planned global expansion. Standard Chartered and USDC issuer Circle have developed a system that lets institutional clients mint and redeem the USDC stablecoin through a bank-led onboarding process. Standard Chartered said Thursday it is the first Global Systemically Important Bank (G-SIB) to offer such services for USDC, bringing stablecoin access into the same risk, compliance and governance frameworks used in traditional banking. Clients will be able to mint and redeem the US dollar-backed stablecoin directly through StanChart's platform instead of opening separate accounts with Circle. “By embedding USDC access directly within Standard Chartered’s institutional offering, Standard Chartered will bring together banking, custody, and digital asset services within one integrated offering,” the announcement said. The initial rollout will be through the Dubai International Financial Centre (...

Standard Chartered said tokenized assets moving into DeFi could drive deposits into Aave and help the protocol rebuild its position as a dominant onchain lending platform. Banking giant Standard Chartered has identified Aave as a potential beneficiary of tokenized assets as they move into decentralized finance (DeFi), saying the protocol could rebuild its position as a dominant onchain lending platform. In a Wednesday research note, Geoff Kendrick, the bank's global head of digital assets research, said active tokenized assets in DeFi could drive more deposits into Aave. “Despite recent setbacks, we are bullish on the outlook for Aave, the largest [DeFi] lending protocol,” Kendrick wrote. Read more

CoinMENA will use Standard Chartered to strengthen fiat payment rails in the UAE, while Revolut reportedly secured central bank licenses ahead of a planned local launch. Crypto exchange CoinMENA has entered a banking agreement with Standard Chartered to strengthen fiat payment infrastructure for customers in the United Arab Emirates. Under the agreement, CoinMENA will use Standard Chartered to support fiat on- and off-ramps, client money accounts and virtual account-based transaction management, according to a press release shared to Cointelegraph. The exchange said the arrangement would improve transparency and liquidity settlement with approved global counterparties. In the announcement, Standard Chartered UAE, Middle East and Pakistan CEO Rola Abu Manneh said the UAE had established itself as a leading regulatory environment for digital assets, creating opportunities for financial institutions and regulated firms to collaborate. Read more

The reported $100 UNI target hinges on tokenized assets leaving closed rails for liquid, composable markets. The post Standard Chartered’s $100 Uniswap call exposes the open DeFi problem Wall Street may need to solve appeared first on CryptoSlate.

Uniswap’s native token UNI is set to surge nearly fortyfold in the coming years as Wall Street migrates on-chain, Standard Chartered said.

Standard Chartered forecasts assets locked in decentralized finance will reach $2.7 trillion by 2030, driven by tokenization and crypto-native growth. Standard Chartered expects assets locked in decentralized finance (DeFi) to grow 37-fold to $2.7 trillion by the end of 2030. The expansion would be driven by both tokenized real-world assets (RWAs) and crypto-native assets moving through onchain protocols, Geoff Kendrick, head of digital assets research at Standard Chartered, said in a research note on Monday.  “I think the next opportunity for generational wealth in digital assets is going to come via the DeFi protocols,” Kendrick said. “I estimate that the amount of tokenized assets active in DeFi will 37x by the end of 2030.” Read more

Ethereum is coming back, even as the price is falling. BTC continues to show underperformance that analyst says is now working in ETH's favor. The post Ethereum Could Outperform Bitcoin Despite Recent Price Weakness: Standard Chartered appeared first on Cryptonews.

Standard Chartered will absorb Zodia Custody’s regulated crypto business and spin out Zodia Solutions, as big banks move to own core digital asset custody in-house. Standard Chartered has announced that its offer to acquire the business of Zodia Custody has been accepted by shareholders. The deal, announced Monday, will consolidate Standard Chartered’s digital asset custody operations while separating a standalone infrastructure platform for institutional clients. Zodia Solutions will be established as an independent entity under SC Ventures, backed by several banking investors, including existing Zodia Custody shareholders, and will provide “bank-grade infrastructure” to financial institutions, including Standard Chartered, as they expand digital asset services. Read more

Standard Chartered is reportedly exploring a shake-up of Zodia Custody that would bring parts of the crypto custodian inside its own investment bank. Standard Chartered is reportedly weighing a restructuring of its majority-owned crypto custodian Zodia Custody, as large banks look to bring more digital asset infrastructure inside their core banking operations. The United Kingdom-based lender plans to fold Zodia’s crypto custody business into a division inside its corporate and investment bank that already offers similar services, while keeping Zodia operating as a standalone Software-as-a-Service (SaaS) platform for digital asset custody, according to Bloomberg on Wednesday, citing people familiar with the matter. An announcement on the restructuring could reportedly come as soon as this month. It is not yet clear whether Standard Chartered has opened negotiations with Zodia’s minority shareholders, which include Northern Trust, Emirates NBD, National Australia Bank and SBI Holdings. Read more

Standard Chartered says stablecoin velocity has doubled in two years, driven by USDC's new use cases in TradFi and AI payments.

Stablecoin turnover has doubled in the past two years as AI payments and traditional finance use cases grow, though Standard Chartered still sees the market reaching $2 trillion. Standard Chartered analysts say rising stablecoin velocity could reduce the need for new token supply even as transaction volumes climb. Stablecoin velocity has doubled over the past two years amid new payment use cases and rising traditional finance (TradFi) activity, Standard Chartered said in a Tuesday report seen by Cointelegraph. Velocity refers to how often stablecoins are used relative to the amount outstanding, meaning faster turnover can support more transaction volume without requiring the supply to grow at the same pace. Read more

Hana Financial Group will collaborate with Standard Chartered on digital assets following its stablecoin partnership with USDC issuer Circle earlier in March. Hana Financial Group, one of South Korea’s largest financial conglomerates, has partnered with Standard Chartered on finance and digital assets. On Sunday, Hana Financial said it signed a business agreement with the United Kingdom’s Standard Chartered Group (SC Group) for cooperation in global financial business and digital asset fields, Yonhap News reported. The agreement covers collaboration in various global financial sectors, including investment banking, money markets, foreign exchange and digital assets. Read more