Standard Chartered | Crypto

The signing follows shareholders’ acceptance of Standard Chartered’s non-binding offer in May, with regulatory approvals still pending. Standard Chartered signed definitive agreements to acquire Zodia Custody’s regulated operating entities, subject to regulatory approvals and closing conditions. The signing advances a transaction announced in May, when Zodia’s shareholders accepted the bank’s non-binding offer. As part of the deal, Standard Chartered would acquire 100% of Zodia Custody UK Limited, the parent company of Zodia’s regulated operating entities in Singapore, Hong Kong, Australia, Luxembourg and the United Arab Emirates, the bank said in a Wednesday announcement. Read more

The bank identified four distinct stablecoin markets, with USDC leading payments and AI transactions as competition intensifies over reserve yields. Standard Chartered says stablecoin transaction activity continues to grow even as the market’s overall value has stalled, suggesting existing stablecoins are circulating more frequently rather than new supply driving growth. In a report shared with Cointelegraph, the bank said it now expects stablecoin market capitalization to reach $2 trillion by 2030, two years later than initially projected, after the market plateaued at roughly $309 billion this year. Geoffrey Kendrick, StanChart’s head of digital assets research, said stablecoin usage continues to expand despite slower supply growth, with existing stablecoins changing hands more frequently as their use cases diversify. Read more

Standard Chartered expanded its spot crypto trading services to professional investors in the UAE region, with plans to offer access to more market participants. Standard Chartered has expanded Bitcoin (BTC) and Ether (ETH) trading to wealthy clients in the United Arab Emirates (UAE) who qualify as professional investors. Eligible investors can trade these assets within their existing Standard Chartered bank accounts, the London-headquartered multinational bank announced Wednesday. Standard Chartered’s eligibility criteria require individuals to have at least 4 million dirhams (about $1.1 million) in net assets, excluding their main residence, and sufficient investment knowledge and experience or representation by a licensed entity. Read more

Eligible clients can custody XRPL-issued RLUSD through the DIFC branch; the planned LMAX collateral link remains conditional and undated. The post Standard Chartered brings Ripple’s RLUSD into banking custody after $765 million quarterly surge appeared first on CryptoSlate.

Standard Chartered has launched custody for Ripple’s RLUSD stablecoin on the XRP Ledger and plans to let institutions use the tokens as trading collateral. Standard Chartered has launched institutional custody services for Ripple’s RLUSD stablecoin, with plans to expand its use as trading collateral. The UK-based multinational bank announced Monday it rolled out RLUSD support on the XRP Ledger (XRPL) through its Dubai International Financial Centre (DIFC) branch, giving eligible institutional clients access to its digital asset custody infrastructure. Standard Chartered plans to extend its collateral-mirroring model to LMAX Group, an institutional trading company, allowing clients to use RLUSD as trading collateral while keeping the tokens in the bank’s custody. Read more

Standard Chartered plans custody for cryptocurrencies, stablecoins and tokenized assets for institutional and eligible corporate clients in Singapore. Standard Chartered announced plans to launch digital asset custody services for institutional clients in Singapore. The London-headquartered multinational bank plans to offer custody services for select cryptocurrencies, stablecoins and tokenized real-world assets to institutional clients and corporate clients qualifying as accredited investors, subject to applicable regulatory requirements, according to a Thursday press release. Cointelegraph asked Standard Chartered which cryptocurrencies its custody service will support but did not receive an immediate response. Read more

Ethena highlighted Standard Chartered research as current USDe supply remains below the first milestone for revenue-funded token purchases. The post Standard Chartered says Ethena’s ENA could crush Bitcoin and Ethereum returns by 2028 appeared first on CryptoSlate.

The bank also expects Ethena’s ENA token to rise roughly sevenfold to $2 by the end of 2028 as USDe scales and token buybacks increase. British multinational bank Standard Chartered expects Ethena’s USDe stablecoin supply to grow eightfold to $40 billion by the end of 2028 as the protocol expands its sources of yield beyond crypto markets. In a Wednesday research report shared with Cointelegraph, the bank initiated coverage of Ethena’s ENA token with a year-end 2028 price target of $2, roughly seven times the $0.28 price cited in the report. Standard Chartered also expects USDe to slightly outpace overall stablecoin market growth over the period. Its forecasts imply ENA would also outperform Bitcoin (BTC) and Ether (ETH) through 2028. Standard Chartered sees BTC reaching $300,000 and ETH $18,000 by the end of the period. Read more

Standard Chartered predicts big rally in Ethena's ENA token. Traders await the Fed's favored inflation gauge after a month of oil-driven rate-hike bets that sent 30-year Treasury yields to their highest since 2002.

Standard Chartered sees Robinhood Chain as an early sign that tokenization could transform Arbitrum’s economics and drive ARB sharply higher by 2030. Standard Chartered says layer-2 network Arbitrum could emerge as one of the digital asset industry’s top performers through 2030 as traditional financial firms move more assets onchain, giving the network a potentially lucrative revenue source beyond crypto-native activity. In a note shared with Cointelegraph, Geoff Kendrick, Standard Chartered’s global head of digital assets research, said Arbitrum’s economics offer considerable upside because the network receives 10% of the net protocol revenue generated by companies building on it. Robinhood Chain, developed by the online brokerage, is the first major example. According to Kendrick, Robinhood Chain has already materially changed Arbitrum’s economics. At its current run rate, Arbitrum is expected to generate $5 million in revenue in September, more than five times its level before Robinhood Chain launched in J...

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