[Standard Chartered Bank Plans to Establish Cryptocurrency Prime Brokerage Business, Expanding Digital Asset Presence] According to Bloomberg, Standard Chartered Bank intends to set up a cryptocurrency prime brokerage business through its venture capital arm, SC Ventures. The services will include custody, financing, and market access, and the initiative is still in the early preparation stages. This move will help the bank avoid the Basel III capital requirement of up to 1250% for unregulated crypto assets. Standard Chartered has previously been involved in crypto projects such as Zodia Custody and Zodia Markets, and by 2025, it will become the first global systemically important bank to offer spot cryptocurrency trading.