StanChart’s SC Ventures to Court Investors for $250 Million Fund

Standard Chartered's venture capital arm, SC Ventures, is looking to raise $250 million for a new fund that will focus on investments in digital assets within the financial services industry. The fund aims to capitalize on the growing interest and adoption of digital technologies in the financial sector. SC Ventures, which has a track record of investing in fintech startups, plans to target early-stage and growth-stage companies that are developing innovative solutions in areas such as blockchain, cryptocurrency, and other digital financial services. The fundraising effort is expected to begin soon, as the bank seeks to expand its presence in the rapidly evolving digital asset space and capitalize on the potential opportunities it presents. The move reflects the increasing importance of digital transformation within the financial industry and Standard Chartered's commitment to staying at the forefront of these developments.