MidChains and Standard Chartered Partner on Digital Asset Banking

November 12, 2026 admin 0 Comments client money accounts, correspondent banking, digital asset banking, digital asset regulation, Digital Assets, fiat settlement, institutional crypto, MidChains, Standard Chartered, VARA

UAE-based MidChains FZE, a digital asset platform licensed by the Virtual Assets Regulatory Authority (VARA), has entered into a strategic banking partnership with Standard Chartered. Under the arrangement, Standard Chartered will provide fiat settlement, segregated client money accounts and correspondent banking services to support MidChains’ institutional operations. The partnership connects regulated digital-asset activity with established banking infrastructure and is designed to facilitate more efficient movement of capital between traditional and digital markets.

The partnership highlights the growing convergence between traditional banking and regulated digital-asset markets. For banks, such relationships create opportunities to support institutional digital-asset activity while requiring robust controls around AML, cybersecurity, client-asset segregation, operational resilience, counterparty risk and regulatory compliance. MidChains has operated as a regulated entity since 2019 and holds a VARA Broker-Dealer licence covering retail, institutional and qualified investors, making the partnership an example of how established financial institutions can engage with regulated digital-asset businesses.