The venture capital arm of global banking giant Standard Chartered, SC Ventures, plans to raise capital for a new $250 million fund dedicated to digital assets within the financial services sector.
According to a report by Bloomberg, the fund is expected to launch in 2026 and will be backed by investors from the Middle East.
Gautam Jain, a partner at SC Ventures, announced the plans at the Money 20/20 event in Saudi Arabia, noting that the fund will invest globally.
This move puts Standard Chartered alongside other major banks such as JPMorgan and Goldman Sachs in expanding institutional offerings for cryptocurrencies.