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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InIn a move reflecting the acceleration of institutional adoption of digital assets within clear regulatory frameworks, the European Securities and Markets Authority (ESMA) has added Standard Chartered to its official register. Under the Markets in Crypto-Assets (MiCA) framework, 37 crypto-asset service providers were included in the first post-deadline register update. The bank and FalconX are among the most prominent entities authorized to operate within the EU according to reports.
This regulatory shift comes as major banks seek to strengthen their crypto presence, with FalconX's Q1 2024 results showing institutional trading volume growth of over 600% according to company data. Compared to peers, Standard Chartered is expanding in this field following the launch of its crypto custody platform in the UAE last year, placing it in direct competition with banks like HSBC which launched similar digital asset services in Hong Kong per market data.
Regarding performance, STAN.L shares in London closed at 2090p (close July 02, 2026), while 2888.HK shares in Hong Kong settled at 221 HKD (close July 03, 2026). Investors are watching ECB President Christine Lagarde's speech on June 29 for any comments on financial stability and digital currencies, alongside the UK GDP data release on June 30 as a catalyst for banking stocks.