Luxembourg is thus positioned as the hub for the group’s European digital asset custody operations. With the European passport granted under MiCA, Standard Chartered will be able to progressively expand its activities across all 30 countries of the European Economic Area.
“This dual licence enables us to progressively expand services to clients across Europe,” said Laurent Marochini, CEO of Standard Chartered Luxembourg. “This landmark authorisation reflects our strategic choice of Luxembourg, demonstrating the close and constructive collaboration we have had with the CSSF throughout this journey.”
