Standard Chartered has been granted a license to provide digital asset custody services in Luxembourg, making it one of the first major banks to offer such services in the country. The move is part of the bank's broader strategy to expand its digital asset offerings and meet the growing demand from clients for secure and regulated storage of digital assets. The new license will allow Standard Chartered to provide custody services for a range of digital assets, including cryptocurrencies, stablecoins, and security tokens. The bank will also offer a range of related services, such as asset management, trading, and settlement. Standard Chartered's decision to enter the digital asset custody market in Luxembourg is a significant development, as it demonstrates the growing institutional interest in this asset class. Luxembourg is a major financial center and a hub for digital asset activity, making it an ideal location for Standard Chartered to expand its digital asset offerings.