Standard Chartered's SC Ventures Aims to Raise $250 Million to Invest in Digital Assets

BlockBeats News, September 16th, according to Bloomberg, SC Ventures, the venture capital arm of Standard Chartered Bank, plans to soon launch a fundraising campaign to establish a $2.5 billion fund, focusing on investing in digital assets in the financial services sector. The fund is planned to launch next year, will receive support from Middle Eastern investors, and will focus on global investments. Additionally, the department also plans to establish a $1 billion Africa investment fund and is considering launching its first risk debt fund.