Search results for SC Ventures
Crypto
Digital Asset raises additional $10 million from Shinhan Financial, SC Ventures
Digital Asset, developer of the Canton blockchain, has raised an additional $10 million from South Korea’s Shinhan Financial Group and Standard Chartered’s SC Ventures. TheBlock reported the investment increased the company’s ongoing funding round to $365 million from $355 million, at the same $2 billion valuation as the previous round. Digital Asset last month announced a $355 million fundraising led by a16z crypto with participation from major institutions.
Crypto
Standard Chartered considers folding parts of Zodia Custody business into investment bank
Standard Chartered is reviewing a plan to bring parts of Zodia Custody, a crypto custodian in which it holds a majority stake, into its investment banking unit. The bank is considering moving Zodia’s custody business into an in-house team that provides related services within its corporate and investment bank, while leaving Zodia to operate independently as a software-as-a-service platform for digital asset custody. A restructuring announcement could come this month.
Crypto
Standard Chartered pushes to build cryptocurrency brokerage platform
Standard Chartered is accelerating its entry into the cryptocurrency market and is considering developing a crypto brokerage platform, according to a Cointelegraph report citing Bloomberg on Jan. 12 local time. Bloomberg reported the bank is discussing setting up a cryptocurrency trading and brokerage platform through its venture capital arm, SC Ventures. No specific launch schedule was disclosed, and the bank has not provided detailed confirmation. It launched a crypto trading service for institutions and companies in July 2025.