LMAX Expands Partnership With Standard Chartered For Digital Asset Custody

LMAX Joins Standard Chartered in Landmark Digital Asset Custody Partnership

• LMAX becomes the first client to onboard Standard Chartered’s MiCA-compliant digital asset custody solution.
• It follows the parties’ successful live digital asset prime brokerage trades.

LMAX Exchange Group Limited, a global fintech firm, has expanded its partnership with Standard Chartered PLC, a British multinational bank, for digital asset custody. The announcement was made on Wednesday, building on their live digital asset prime brokerage trades conducted earlier in July.

LMAX Partners with Standard Chartered on Enhanced Digital Asset Custody Solution

According to Standard Chartered, LMAX is its first client to join the Luxembourg‑based digital asset custody platform. This milestone builds directly on the bank’s successful June bid for Markets in Crypto‑Assets (MiCA) authorization. The collaboration extends beyond one project; it leverages the extended partnership agreed upon between Standard Chartered’s Dubai International Financial Center (DIFC) arm—regulated by the Dubai Financial Services Authority—and its Luxembourg entity to meet the rising demand for the fintech group’s growing institutional‑grade digital asset business.

Expanded Reach Across Regulatory Jurisdictions

Ole Matthiessen, Global Head of Transaction Services & Digital Assets at Standard Chartered, explained that LMAX’s adoption of the custody platform places the fintech firm within a trusted, compliant rail that operates seamlessly across multiple markets and regulatory regimes. This adaptability has been particularly significant in navigating the post‑MiCA enforcement landscape in Europe—a period that has driven out unregistered participants unable to satisfy the regulation’s stringent requirements, especially regarding proof of reserves, regular reporting, periodic audits, and strict client asset segregation.

“By combining bank‑grade custody in DIFC and Luxembourg with our broader trading and prime brokerage capabilities, Standard Chartered is helping to shape a connected, institutionalized digital asset ecosystem,” said Matthiessen. “We are pleased to partner with clients such as LMAX Group as they expand their digital asset proposition across markets.”

Partner Announces Natural Next Step After Successful Pilot Trades

David Mercer, CEO of LMAX Group, described the expanded partnership with Standard Chartered as a “natural next step” after their July milestone. At that time, the parties piloted transactions using a bank‑grade digital asset intermediation model for spot Bitcoin (BTC/USD) and Ethereum (ETH/USD) pairs, employing T+1 settlement through Standard Chartered’s UK branch. This initiative marked the bank’s inaugural execution of digital‑asset credit intermediation trades delivered via a private prime‑brokerage model—notably making Standard Chartered one of the first globally systemic‑important banks (G‑SIBs) to conduct such trades.

“The combination of their regulated custody capabilities in both the DIFC and Luxembourg provides us, and the industry more broadly, with robust, institutional‑grade infrastructure to support the continued growth of our digital asset business and the evolving needs of our clients,” stated Mercer.

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• LMAX becomes the first client to onboard Standard Chartered’s MiCA-compliant digital asset custody solution.
• It follows the parties’ successful live digital asset prime brokerage trades.

LMAX Exchange Group Limited, a global fintech firm, has expanded its partnership with Standard Chartered PLC, a British multinational bank, for digital asset custody. The announcement was made on Wednesday, building on their live digital asset prime brokerage trades conducted earlier in July.

LMAX Partners with Standard Chartered on Enhanced Digital Asset Custody Solution

According to Standard Chartered, LMAX is its first client to join the Luxembourg‑based digital asset custody platform. This milestone builds directly on the bank’s successful June bid for Markets in Crypto‑Assets (MiCA) authorization. The collaboration extends beyond one project; it leverages the extended partnership agreed upon between Standard Chartered’s Dubai International Financial Center (DIFC) arm—regulated by the Dubai Financial Services Authority—and its Luxembourg entity to meet the rising demand for the fintech group’s growing institutional‑grade digital asset business.

Expanded Reach Across Regulatory Jurisdictions

Ole Matthiessen, Global Head of Transaction Services & Digital Assets at Standard Chartered, explained that LMAX’s adoption of the custody platform places the fintech firm within a trusted, compliant rail that operates seamlessly across multiple markets and regulatory regimes. This adaptability has been particularly significant in navigating the post‑MiCA enforcement landscape in Europe—a period that has driven out unregistered participants unable to satisfy the regulation’s stringent requirements, especially regarding proof of reserves, regular reporting, periodic audits, and strict client asset segregation.

“By combining bank‑grade custody in DIFC and Luxembourg with our broader trading and prime brokerage capabilities, Standard Chartered is helping to shape a connected, institutionalized digital asset ecosystem,” said Matthiessen. “We are pleased to partner with clients such as LMAX Group as they expand their digital asset proposition across markets.”

Partner Announces Natural Next Step After Successful Pilot Trades

David Mercer, CEO of LMAX Group, described the expanded partnership with Standard Chartered as a “natural next step” after their July milestone. At that time, the parties piloted transactions using a bank‑grade digital asset intermediation model for spot Bitcoin (BTC/USD) and Ethereum (ETH/USD) pairs, employing T+1 settlement through Standard Chartered’s UK branch. This initiative marked the bank’s inaugural execution of digital‑asset credit intermediation trades delivered via a private prime‑brokerage model—notably making Standard Chartered one of the first globally systemic‑important banks (G‑SIBs) to conduct such trades.

“The combination of their regulated custody capabilities in both the DIFC and Luxembourg provides us, and the industry more broadly, with robust, institutional‑grade infrastructure to support the continued growth of our digital asset business and the evolving needs of our clients,” stated Mercer.

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