Standard Chartered is reportedly planning to establish a crypto prime brokerage within its wholly-owned venture arm, SC Ventures, according to Bloomberg. The initiative, still in early discussions, aims to compete in institutional-level crypto trading. This move could help the bank avoid the Basel III capital requirements, which impose a 1250% risk weight on unlicensed crypto assets like Bitcoin and Ethereum. In recent years, Standard Chartered has been expanding its digital asset offerings. The bank supports Zodia Custody and Zodia Markets, and last year, it became the first global systemically important bank to offer spot crypto trading services to institutional clients.