Standard Chartered Bank announced today the launch of Hong Kong's first institutional-grade crypto asset custody service provided by a Global Systemically Important Bank (G-SIB), and it will provide related services to the Huaying Group. This signifies an important step in the regulated digital asset market in Hong Kong and further supports Hong Kong's development as a global digital financial center. This achievement reflects the long-term cooperation between Standard Chartered, regulatory authorities, market infrastructure providers, and technology partners to jointly drive and seize the opportunities in the continuing development of Hong Kong's digital asset market, based on the steady progress made by Standard Chartered and the Huaying Group in operations, custody, and governance standards that comply with regulatory requirements. Standard Chartered plays a core role in the crypto asset custody framework, leveraging its mature infrastructure, robust risk management capabilities, and strong digital asset expertise to provide secure institutional-grade crypto asset custody services to regulated financial institutions and professional investors. This is complemented by a solid system based on trust, compliance, and institutional-level standards in asset protection, asset segregation, and operational resilience in Hong Kong. Standard Chartered Hong Kong and Greater China and North Asia CEO Mary Huen said that this significant milestone reflects progress made by Hong Kong in establishing a robust and well-regulated digital asset system, demonstrating the collaborative efforts between banks, clients, regulators, and the entire ecosystem to promote institutional use cases. Through close collaboration with the Huaying Group, and ongoing communication with regulatory authorities, the bank has shown how the ecosystem can work together responsibly to accelerate the scale application of digital assets, successfully pioneering this market initiative and supporting Hong Kong to become a global leader in digital financial hub.