Standard Chartered has entered into an institutional custody arrangement with fintech firm SOLOWIN HOLDINGS (AXG), marking an initial instance of a globally systemically important bank providing regulated digital asset safekeeping in Hong Kong.
The service establishes an institutional-grade custody framework for regulated financial institutions and professional investors.
Standard Chartered is using its existing infrastructure to maintain high governance standards, ensuring the strict segregation and protection of digital assets.
The rollout follows engagement with Hong Kong regulators to align the operational framework with local compliance requirements.
“This milestone reflects the progress Hong Kong is making in building a robust and well-regulated digital asset environment,”
said Mary Huen, CEO of Hong Kong, Greater China, and North Asia at Standard Chartered.
Dr. Thomas Zhu, Co-founder and CEO of AXG, said the partnership gives the company the confidence to navigate the digital asset market.
“Their deep experience in custody, risk management and regulatory engagement has been instrumental in bringing this solution to life,”
Zhu said.
The development supports ongoing efforts to establish Hong Kong as a regulated hub for digital finance.
Both companies have tailored the custody standards to meet the city’s asset protection expectations.
Featured image credit: Edited by Fintech News Hong Kong, based on image by ismode via Magnific