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Standard Chartered and LMAX Group join forces
01 July 2026 UK
Image: monsitj/stock.adobe.com
Standard Chartered has executed the first digital asset prime brokerage trades with LMAX Group, demonstrating a bank-grade digital asset intermediation model for spot Bitcoin (XBT/USD) and Ether (XET/USD) with T+1 settlement through Standard Chartered’s UK branch.
The pilot transactions mark the bank’s first digital asset credit intermediation trades executed through a digital asset prime brokerage model.
The transactions were executed on LMAX Group’s regulated institutional digital asset venue, LMAX Digital, demonstrating an integrated execution and intermediation model.
According to the firm, Standard Chartered is one of the first global systemically important banks (G-SIBs) to execute such trades.
Standard Chartered Prime Brokerage acted as the credit intermediary between counterparties, integrating LMAX Group’s execution and post-trade environment with settlement completed through Standard Chartered’s digital asset custody platform in the Dubai International Financial Centre.
The firm says the pilot informs a future roadmap for how institutional access to digital asset credit intermediation could evolve under a prime brokerage structure, with both companies collaborating on the development of scalable, institutional-grade market infrastructure models.
Alison Higgins, head of Prime Services, Standard Chartered says: “This pilot is part of our broader strategy to build a comprehensive institutional-grade digital asset platform, spanning custody, trading and prime brokerage. As demand accelerates, we are helping our Prime Brokerage clients capture new opportunities backed by the risk management, controls and balance sheet strength they expect from a G-SIB.”
David Mercer, CEO, LMAX Group, adds: “The lack of credit counterparties with robust balance sheets on the scale that we see in traditional finance has been a critical missing mechanism in the digital asset market to date.
“This demonstrates how established market infrastructure and institutional workflows can come together to support the development of an institutional digital asset ecosystem. It demonstrates how bank-grade balance sheet strength and risk management can be combined with proven market infrastructure to enable scalable digital asset market access.”
The pilot transactions mark the bank’s first digital asset credit intermediation trades executed through a digital asset prime brokerage model.
The transactions were executed on LMAX Group’s regulated institutional digital asset venue, LMAX Digital, demonstrating an integrated execution and intermediation model.
According to the firm, Standard Chartered is one of the first global systemically important banks (G-SIBs) to execute such trades.
Standard Chartered Prime Brokerage acted as the credit intermediary between counterparties, integrating LMAX Group’s execution and post-trade environment with settlement completed through Standard Chartered’s digital asset custody platform in the Dubai International Financial Centre.
The firm says the pilot informs a future roadmap for how institutional access to digital asset credit intermediation could evolve under a prime brokerage structure, with both companies collaborating on the development of scalable, institutional-grade market infrastructure models.
Alison Higgins, head of Prime Services, Standard Chartered says: “This pilot is part of our broader strategy to build a comprehensive institutional-grade digital asset platform, spanning custody, trading and prime brokerage. As demand accelerates, we are helping our Prime Brokerage clients capture new opportunities backed by the risk management, controls and balance sheet strength they expect from a G-SIB.”
David Mercer, CEO, LMAX Group, adds: “The lack of credit counterparties with robust balance sheets on the scale that we see in traditional finance has been a critical missing mechanism in the digital asset market to date.
“This demonstrates how established market infrastructure and institutional workflows can come together to support the development of an institutional digital asset ecosystem. It demonstrates how bank-grade balance sheet strength and risk management can be combined with proven market infrastructure to enable scalable digital asset market access.”
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