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Standard Chartered Becomes the First Bank to Join the Global Digital Finance Patron Board

Standard Chartered, the British multinational financial institution (MNB), announced just lately that the company could be becoming a member of the crypto and digital finance trade membership physique Global Digital Finance (GDF) Patron Board.

GDF, launched in 2018, is an alliance composed of the world’s main cryptocurrency-focused monetary expertise corporations and banks to develop blockchain expertise and speed up the adoption of finest practices in crypto and digital property.

Standard Chartered is the first financial institution to be a part of this alliance. Other board members embody crypto exchanges Coinbase, Huobi, Six Digital Exchange, and the crypto alternate mum or dad firm, BitMEX 100x Group.

The Global Head of Financial Markets Electronic Trading & Platforms of Standard Chartered, Geoff Kot, mentioned that:

We are excited to be becoming a member of the GDF Patron Board and look ahead to alternatives the place we are able to collaborate with different international specialists to help the adoption of digital property in addition to contribute, facilitate and lead the trade dialogue on digital property requirements.

Standard Chartered Bank has all the time carefully adopted the cryptocurrency development and actively cooperated with high-tech digital corporations to develop new merchandise.

As reported by Blockchain.News on June 3, Standard Chartered Bank has arrange a three way partnership to purchase and promote digital currencies similar to Bitcoin. Its expertise division SC Ventures established a partnership with BC Technology Group Ltd., a Hong Kong-based funding firm specialising in digital property.

Image supply: Shutterstock

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