Standard Chartered has launched a new entity in Luxembourg to serve as its European regulatory base for digital asset custody, appointing industry veteran Laurent Marochini as its CEO.
The London-based banking group established the unit after securing a licence in Luxembourg, allowing it to provide institutional clients with custody services for crypto and digital assets. The move is part of Standard Chartered’s broader global strategy to expand its digital asset capabilities.
Margaret Harwood-Jones, global head of financing and securities services at Standard Chartered, said the new entity would give institutional clients access to the digital asset ecosystem while maintaining regulatory security.
She said the launch of this new entity enables Standard Chartered provide our institutional clients with access to the digital asset ecosystem while “providing the level of security that comes with being an appropriately regulated entity,” she said.
Former head of innovation at SocGen
Laurent Marochini, who takes the helm as CEO of the new Luxembourg entity, joins from Société Générale, where he spent 15 years as head of innovation. His nearly 30-year career also includes stints at Credit Suisse and BNP Paribas.
With the launch of its Luxembourg unit and Marochini’s appointment, Standard Chartered is reinforcing its commitment to institutional digital asset services while strengthening its foothold in the evolving European regulatory landscape.