Bloomberg reports that Standard Chartered is preparing to launch a crypto prime brokerage to meet institutional demand.

The Details:

Entity: The business will be housed under SC Ventures to navigate regulatory capital requirements.

Services: Will offer custody, financing, and market access for institutional clients.

Context: This follows their launch of BTC/ETH custody in Hong Kong this month and their spot trading desk launch last year.

TradFi is no longer just "watching" — they are building the full-service infrastructure to bring the next trillion dollars into the ecosystem.