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24X Bermuda says the bank will face institutional clients as counterparty while the venue handles matching. The announcement extends an FX relationship but provides no completed-trading metrics for the new arrangement.
The Hong Kong pilot addresses the settlement gap behind corporate treasury tokenisation, but is a financing solution rather than proof of immediate fund redemption.
24X says institutions will face Standard Chartered on new BTC and ETH prime-brokerage trades, while the Bermuda venue handles matching and processing; the operating rollout is not fully quantified.
A newly announced banking agreement is already operational for Capital Vault affiliates in Cyprus and the UAE, covering fiat settlement and client-money services.
A new institutional banking arrangement supports the Capital Vault entities' fiat settlement and client-money arrangements; it is not a blanket licence or a change to every Capital.com account.
The bank is using the service for institutional settlement within Hong Kong’s Ensemble programme. Initial participants include ChinaAMC, Finloop and PantherTrade.
The planned structure combines custody with the bank’s securities services and preserves a separate supplier of digital-asset infrastructure to other institutions.
The proposed local service would connect token holdings with securities servicing, adding a new booking location within the bank’s wider digital-asset business.
Eligible clients can buy Bitcoin and Ether in SC Mobile, with six-second quotes, bank-arranged custody and a cash route into and out of the service.
Eligible institutions can now custody XRPL-based RLUSD through the bank’s DIFC branch. The planned LMAX extension would allow eligible collateral value to support trading while the underlying tokens remain in custody.