The two financial institutions are accelerating their crypto expansion plans under the new Trump administration.
According to the Wall Street Journal, international banking groups Deutsche Bank and Standard Chartered are fast-tracking their efforts to grow in the crypto sector in the United States, taking advantage of a regulatory environment that appears more favorable under President Trump.
In January, Deutsche Bank became the new banking partner of Bison, the crypto trading app developed by the Börse Stuttgart Group. Under this agreement, the German bank took over the custody of Bison users’ euro balances. Previously, it had already expanded its services in Asia through a strategic partnership with Crypto.com, offering corporate banking services in markets such as Singapore, Australia, and Hong Kong.
The German bank is positioning itself as a facilitator of fiat-to-crypto exchanges, cross-border transactions, and other essential financial services to support crypto businesses in regulated jurisdictions, with plans to replicate this model in the UK and other European regions.
Meanwhile, in April, British banking giant Standard Chartered unveiled a program to replicate traditional system-held digital collateral on blockchain, in collaboration with OKX and Franklin Templeton. This initiative allows institutional clients to use tokenized money market funds and cryptocurrencies as collateral for trades, all under the regulatory oversight of Dubai’s VARA.
Standard Chartered is also entering the stablecoin race. Its Hong Kong unit, SCBHK, recently partnered with Animoca Brands and HKT to launch a Hong Kong dollar-pegged stablecoin and plans to apply for an issuance license under the new regulatory framework of the Hong Kong Monetary Authority.
