Banking giant Standard CharteredThe SC Ventures of the Entry Capital Branch of the SC Ventures plans to establish a new fund of $ 250 million to invest in crypto currencies in the field of financial services. BloombergAccording to the Fund in 2026 with the support of investors in the Middle East will be implemented.
SC Ventures’ $ 250 million funding plan
SC Ventures Partner Gautam jainMoney in Saudi Arabia at the 20/20 event in a statement said that the fund will invest on a global scale, he said. Jain also stated that the initiative capital unit is working on a separate fund of 100 million dollars to focus on Africa. In addition, SC Ventures reportedly evaluated the establishment of the first initiative debt fund. However, these two funds crypto currencyHe did not give precise information as to whether he would focus on the lara.
It is noteworthy that the fund is prepared with the support of Middle East -based investors. in recent years United Arab Emirates And Saudi ArabiaThe Virtual Assets Regulatory Authority established in Dubai and the financial technology in the country accelerated the arrangements in the field of crypto currency and blockchain. In this context, the region becomes an important center for international funds.
Crypto currency investments in the banking sector
Standard Chartered’s initiative global banking sectorIt is among the increasing investments in crypto currencies. Jpmorganwhile announcing the Kinexys platform in the past period Goldman SachsBny Mellon launched the Tokenized Money Market Fund in cooperation. All these developments reveal the interest of major financial institutions to crypto currency -based products and services.
In the corporate finance system tokinization The applications are becoming increasingly widespread. The process facilitates the access of investors to crypto currencies, while at the same time providing bridges between traditional finance and crypto currencies. Standard Chartered’s funds through SC Ventures stands out as one of the latest examples of this orientation.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
