Standard Chartered, an international bank with $870 billion in assets under management, has opened a new company in Luxembourg to provide custody services for cryptocurrencies and digital assets across the European Union (EU). The move is aimed at meeting growing demand from institutional investors. The bank has appointed Laurent Marochini as CEO and is taking advantage of Luxembourg's favorable regulatory environment following the implementation of the MiCA Regulation. This is part of the bank's strategy to expand its digital asset services.

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