Standard Chartered Becomes the First Bank to Join the Global Digital Finance Patron Board

Standard Chartered, the British multinational bank (MNB), announced recently that the corporation would be joining the crypto and digital finance industry membership body Global Digital Finance (GDF) Patron Board.

GDF, launched in 2018, is an alliance composed of the world's leading cryptocurrency-focused financial technology companies and banks to develop blockchain technology and accelerate the adoption of best practices in crypto and digital assets.

Standard Chartered is the first bank to join this alliance. Other board members include crypto exchanges Coinbase, Huobi, Six Digital Exchange, and the crypto exchange parent company, BitMEX 100x Group.

The Global Head of Financial Markets Electronic Trading & Platforms of Standard Chartered, Geoff Kot, said that:

We are excited to be joining the GDF Patron Board and look forward to opportunities where we can collaborate with other global experts to support the adoption of digital assets as well as contribute, facilitate and lead the industry dialogue on digital assets standards.

Standard Chartered Bank has always closely followed the cryptocurrency trend and actively cooperated with high-tech digital companies to develop new products.

As reported by Blockchain.News on June 3, Standard Chartered Bank has set up a joint venture to buy and sell virtual currencies such as Bitcoin. Its technology department SC Ventures established a partnership with BC Technology Group Ltd., a Hong Kong-based investment company specialising in digital assets.