Standard Chartered is stepping into the European crypto scene after securing a digital asset license in Luxembourg. This move marks the bank's entry into the EU market for crypto and digital asset custody services, following the EU's new Markets in Crypto-Assets (MiCA) Regulation. Laurent Marochini, formerly with Société Générale, will lead the Luxembourg entity. This expansion follows the bank's September 2024 launch of crypto custody services in the UAE, offering Bitcoin and Ether. Standard Chartered aims to support clients with secure, regulated digital asset services in Europe.