Standard Chartered Bank has expanded its partnership with LMAX Group to deliver digital asset custody and settlement services across Europe and the Middle East. Under the dual-jurisdiction agreement, the bank will provide secure custody infrastructure through its Dubai Financial Services Authority-regulated branch in the Dubai International Financial Centre and Standard Chartered Luxembourg. This expansion allows LMAX Group to leverage regulated custody solutions across two key international financial hubs to support its growing institutional client base.
The arrangement marks a significant milestone for the bank following its Markets in Crypto-Assets (MiCA) authorisation in June. LMAX has officially become the first client to onboard Standard Chartered Luxembourg’s newly authorised digital asset custody platform. This regulatory alignment ensures that institutional clients can operate seamlessly within a trusted, compliant framework across different jurisdictions.
This development builds upon a successful collaboration established between the two firms earlier in the year. In July, the companies executed the industry’s first live digital asset prime brokerage trades by combining Standard Chartered’s banking and credit capabilities with LMAX Group’s institutional market infrastructure. The expanded custody agreement represents the next step in creating a fully connected, bank-grade digital asset ecosystem for global institutional investors.
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