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Standard Chartered Participates in Jammed $18M Round for Crypto Custodian
Standard Chartered said it invested in Metaco to improve the relatively undeveloped market infrastructure in digital assets.
By Paddy Baker
Updated May 9, 2023, 3:09 a.m. Published Jul 15, 2020, 7:22 a.m.
Make us preferred on GoogleBritish bank Standard Chartered has invested in Metaco, a crypto custodian focused on the institutional market.
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- The Series A round was oversubscribed twice due to high demand; the 17 million Swiss franc ($18 million) raised will primarily go toward expansion to the U.S., Western Europe, and Southeast Asia, according to a press release.
- Metaco's main product is SILO, which provides financial institutions with a cold storage and exchange service, as well as the ability to tokenize assets.
- Alex Manson, Standard Chartered's head of ventures, said the company had invested in Metaco to improve the undeveloped market infrastructure surrounding digital assets.
- Standard Chartered's revenue was $15.42 billion in 2019; it's unclear how much it invested into Metaco's round.
- The round was led by Giesecke+Devrient, a Leipzig-based specialized printer in currency notes as well as, more recently, a manufacturer in smart cards.
- Other participants included Zürcher Kantonalbank, the fourth largest bank in Switzerland, and Swiss Post, the country's postal service, which invested in a previous round in 2018.
- Olivier Laplace, director at Swiss Post Ventures and member of Metaco's board, said the company's clientele had grown considerably over the past three years.
See also: Swiss Tech Firm Metaco Taps Blockchain Think Tank to Bolster Services
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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
Yang perlu diketahui:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
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GameStop's $420 million bitcoin move sparks speculation of selling
While blockchain data confirms the movement to Coinbase Prime, the transfer could also mean internal asset management or custody.
Yang perlu diketahui:
- GameStop transferred its entire bitcoin holdings — about 4,710 BTC worth roughly $420 million — to Coinbase Prime this week, analytics firm CryptoQuant noted.
- The move has fueled speculation that GameStop might be preparing to exit its bitcoin position, which would likely lock in an estimated loss of around $84 million at current prices.
- While large transfers to Coinbase Prime often signal intent to sell, the platform also provides institutional custody services, and GameStop has not yet commented on the transaction or its intentions.
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