StanChart muscles into Asian crypto space as established banking player

Bank's Zodia unit to face off against Binance in Singapore and Japan

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A Standard Chartered branch in Singapore. The bank's venture into crypto reflects a trend of brand-name traditional finance houses muscling into the space. © Reuters

DYLAN LOH, Nikkei staff writer

SINGAPORE -- International banker Standard Chartered is fronting its credentials as an established finance player to draw institutional cryptocurrency customers now that a number of upstarts have been toppled by a digital token price crash.

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