SC Ventures Joins Funding Round for One Trading
SC Ventures’ New Investment
Standard Chartered‘s investment arm, SC Ventures, has made a strategic move by participating in a recent funding round for One Trading, a prominent European crypto asset exchange. This round also saw existing investor MiddleGame Ventures boost its stake and welcomed new participant SpeedInvest. Consequently, this infusion of capital marks a significant endorsement for One Trading’s growth and ambitions in the crypto space.
Milestone Achievement: OTF License
The timing of this funding comes on the heels of a major regulatory milestone for One Trading. Specifically, the Dutch financial market regulator has granted the exchange an Organised Trading Facility (OTF) License. This crucial license not only establishes One Trading as a MiFID II trading venue but also distinguishes it as the only crypto perpetual futures trading venue within the EU. Consequently, this development enhances One Trading’s position in the European market.
Moreover, One Trading has become the first cash-settled perpetuals platform in Europe, including the UK, and notably, the first regulated derivatives exchange in Europe accessible to retail clients. This regulatory achievement underscores One Trading’s commitment to providing a secure and compliant trading environment for its users.
Statements from Industry Leaders
Alex Manson, CEO of SC Ventures, expressed enthusiasm about the development. “Financial innovation should not come at the cost of consumer protection,” he said. “That’s why we are glad to see One Trading receiving the OTF License. We congratulate the team on becoming the first MiFID II trading venue for crypto perpetual futures in the EU. We look forward to One Trading providing much-needed infrastructure to all participants in the EU and further afield.”
Standard Chartered’s Broader Crypto Strategy
This investment is part of Standard Chartered’s broader strategy to expand its footprint in the crypto space. Earlier this month, the bank launched a digital asset custody service in the UAE, reflecting its ongoing commitment to integrating cutting-edge financial technologies with traditional banking practices.
The move highlights Standard Chartered’s proactive approach in adapting to the evolving financial landscape and its belief in the transformative potential of digital assets. By supporting One Trading, the bank not only reinforces its position in the crypto market but also contributes to the broader adoption and regulation of digital trading platforms.
Looking Ahead
As One Trading gears up to leverage its new regulatory status, it stands poised to reshape the crypto trading environment in Europe. With robust backing from investors like SC Ventures and an increasing regulatory framework, One Trading is set to offer enhanced trading opportunities and infrastructure for crypto enthusiasts and institutional participants alike.