European joint venture aims to boost crypto’s appeal to banks

european joint venture aims to boost cryptos appeal to banks

Sumary of European joint venture aims to boost crypto’s appeal to banks:

  • Banks and other corporations have generally taken a cautious approach to digital asset trading, whether it’s cryptocurrency or tokens, but a joint venture in Europe hopes to make such activities more approachable..
  • London-based SC Ventures, a unit of Standard Chartered Bank, is working with Hong Kong-based digital asset company BC Technology Group to establish a digital brokerage and exchange platform for institutional and corporate clients in the U.K..
  • “The growth of digital-asset trading has drawn the attention of institutional customers, many of whom are looking to access the asset class for the first time,”.
  • Total market capitalization reached more than $1.4 trillion last month and $1.56 trillion in early June with a total value of trading volume on major digital-asset exchanges of more than $4 billion per day..
  • BC Technology Group is a parent of Hong Kong Securities and Futures Commission and operator of digital asset platform OSL in Asia..
  • The platform would connect institutional traders with counterparts across markets and deliver access to bitcoin, Ethereum and other digital assets….

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