Standard Chartered has signed a Memorandum of Understanding (MOU) to deepen its collaboration with SIX Digital Exchange (SDX) in the digital securities and crypto asset space. As part of this strategic move, the bank plans to join SDX’s Central Securities Depository (CSD) platform for digital asset custody, providing its global clients with seamless access to Switzerland’s emerging digital securities ecosystem.

With this collaboration, Standard Chartered is reinforcing its commitment to innovation and the expansion of digital asset services.

David Newns, Head SDX, highlighted the significance of this step, stating: “We are delighted to welcome Standard Chartered to SDX. Their decision to join our platform marks a major milestone in expanding the Swiss digital securities ecosystem with an international bank. This step strengthens Switzerland’s position as a global hub for digital assets and enhances connectivity between Europe, Asia, and the Middle East.”

Margaret Harwood-Jones, Global Head of Financing and Securities Services at Standard Chartered said: “We see SDX as a pioneer and leading institution for digital securities in Switzerland, and this next step in our journey supports our ambition to grow our digital asset custody offering and will unlock even greater opportunities for our clients.”

Source: SDX