Standard Chartered (LSE:STAN) is expanding its global footprint—securing MiCA and Luxembourg EMI licences to run regulated crypto payments in Europe, launching a BlackRock-submanaged VC fund across key markets, and financing a €110.5m Ugandan road to spur regional trade.
Previous Week Recap
- Stan Receives MiCA, EMI License: Standard Chartered (STAN) received MiCA authorization and an EMI license in Luxembourg, enabling it to issue e-money and offer payment services for its regulated crypto operations in Europe.
- Stan Launches VC Fund: Standard Chartered launched a VC fund for accredited and professional clients, initially offered in HK, Singapore, UAE, Jersey, Malaysia, Kenya and Nigeria; BlackRock named sub‑manager.
- Uganda Unit Secures €110.5m Loan: Standard Chartered PLC (STAN) unit in Uganda signed a €110.5m loan to finance a 115.8 km Karamoja road, aimed at lowering transport costs and boosting regional trade.
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.