Standard Chartered Bank has partnered with FundsDLT to offer blockchain-powered funds transfer services to clients in North Africa and the Middle East. The new platform will streamline and enhance asset managers’ front-to-back solutions, addressing the challenges of manual transfer processes in the asset management industry. This partnership aligns technical and security standards, allowing Standard Chartered to serve its clients more effectively in the MENA region. In addition to this collaboration, Standard Chartered has also launched Libeara, a tokenization platform that integrates with existing services and aims to make various asset classes more widely available. The bank’s investment in blockchain technology reflects its commitment to cutting costs, improving efficiency, and staying competitive in the rapidly evolving financial landscape.

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Information	Details
Geography	Middle East
Countries
Sentiment	positive
Relevance Score	1
People	Ying Ying Tan, Alex Manson, Olivier Portenseigne
Companies	SC Ventures, Standard Chartered Bank, FundsDLT, Luxembourg Stock Exchange, Deutsche Börse Group
Currencies	None
Securities	None