StanChart, Animoca Brands and HKT agree JV to issue HKD-backed stablecoin

As tokenised money develops, the Standard Chartered-backed JV is rolling out access for institutions, corporate users and professional investors.

The banking group has large back-office centres in India, China, Malaysia and Poland; over 7,800 such roles could be impacted. The bank has also increased its profit targets for 2030 and confirmed group CFO and COO appointments.

Several financial institutions and tech partners will test three dozen use cases spanning risk management, fraud prevention and customer experience.

Metzger is joining SC's Corporate & Investment Banking team as global head, coverage banking; Kaustubh Kulkarni, co-head at Citi's Apac investment banking team will lead the team at Citi.

Beijing-based Jim Wang is leading the subsidiary of Standard Chartered Bank (Hong Kong).

The package from seven banks will bolster the Singapore operator’s data centre expansion in Johor.