Finance News

Story: Standard Chartered to Rock the Cryptocurrency Space with Bitcoin (BTC), ETH, XRP, LTC and BCH

By Dan Saada

1 / 13

Zodia, Microstrategy, Square Inc

2 / 13

Reportedly, Standard Chartered is preparing to launch an institutional-grade cryptocurrency custody platform.

3 / 13

Zodia Custody will facilitate institutional investments into Bitcoin (BTC), Ethereum (ETH), XRP, Litecoin (LTC) and Bitcoin Cash (BCH).

4 / 13

It is very obvious that cryptocurrency assets are getting institutional attention.  Those who like to explore the cryptocurrency space need an avenue to make things work.

5 / 13

It has been stated that “The launch of Zodia demonstrates our commitment to rewiring the DNA in banking.

6 / 13

When Zodia successfully registers with UK Financial Conduct Authority (FCA), the agreement have to state that the firm is set to begin work in 2021.

7 / 13

In this regard, Sydney Ifergan, the crypto expert tweeted:  “The march in the cryptocurrency space is heating up.

8 / 13

Recently, 169-Year-Old Mass Mutual invested $100 Million in Bitcoin for their General Investment Fund.

9 / 13

Important to note, MicroStrategy Inc. have expanded their investments into the BTC.

10 / 13

Michael Saylor “Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth, exponentially growing ever smarter, faster, and stronger behind a…

11 / 13

Square Inc., have invested in to cryptocurrency an ideal proof of institutional adoption and demand.  Square, Inc.

12 / 13

This investment represents nearly one percent of Square’s total assets during the end of the second quarter of 2020.

13 / 13

It is very obvious that these initial investments is just a first step.  Just like any other investment and are likely to explore future opportunities.

The Currency Analytics

Want the full story?