Backed by Middle East Investors, Standard Chartered VC Arm Targets Crypto with $250M Fund

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SC Ventures, the innovation unit of Standard Chartered, is leveraging Middle Eastern capital to enter the digital asset space with a planned $250 million fund.

The announcement, made at a fintech conference in Saudi Arabia, highlights the region’s growing influence as a crypto hub. The fund will focus on digital assets in financial services and aims for a global investment strategy.

This initiative is part of a broader push by SC Ventures, which also includes plans for a separate $100 million fund targeting Africa, signaling the bank’s strategic bet on emerging fintech markets.