Standard Chartered’s investment arm, SC Ventures, has participated in a funding round for the European crypto-asset exchange One Trading.
The funding round also included existing investor MiddleGame Ventures, which increased its stake, along with participation from SpeedInvest. This investment follows the recent approval from the Dutch financial market regulator, which granted One Trading an Organised Trading Facility (OTF) License, officially establishing the firm as a MiFID II trading venue.
With this license, One Trading becomes the only crypto perpetual futures trading venue in the EU and the first cash-settled perpetuals platform in Europe, including the UK. Additionally, it is the first regulated derivatives exchange in Europe that will be accessible to retail clients.
Alex Manson, CEO of SC Ventures, stated: “Financial innovation should not come at the cost of consumer protection, which is why we are pleased to see One Trading receiving the OTF License. We congratulate the team on becoming the first MiFID II trading venue for crypto perpetual futures in the EU. We look forward to One Trading providing much-needed infrastructure to all participants in the EU and beyond.”
Standard Chartered has been actively expanding its presence in the crypto market, recently launching a digital asset custody service in the UAE.