StanChart’s SC Ventures to Court $250 Million for Digital Assets
SC Ventures was launched in 2018 to invest in tech startups and pursue innovative ventures for Standard Chartered.
Photographer: Anthony Kwan/BloombergStandard Chartered Plc’s venture building arm plans to soon start raising capital for a $250 million fund focused on investments in digital assets in the financial services sector.
SC Ventures aims to launch the fund next year with some backing from investors in the Middle East and with a focus on investing globally, operating member Gautam Jain said on the sidelines of Riyadh’s inaugural Money 20/20 financial technology event on Monday.