Standard Chartered Executes First Digital Asset Prime Brokerage Trades with LMAX

Standard Chartered completed its first digital asset prime brokerage pilot trades with LMAX Group, a notable step in institutional crypto market infrastructure. The pilot covered spot Bitcoin and Ether trades with T+1 settlement through Standard Chartered’s UK branch, using LMAX Digital as the execution venue and the bank as credit intermediary. The test also validated trading, margin, custody, settlement, booking, and regulatory reporting workflows. The article frames the development as an important move toward bank-grade credit intermediation for institutional digital assets, potentially improving confidence and operational readiness for larger-scale crypto adoption by global banks and institutions.