Asian Tech Press (SEP 03)-- UK-based multinational bank Standard Chartered announced it had joined the Global Digital Finance (GDF) organization, a unique international consortium of some of the world's most innovative cryptocurrency and fintech companies and banks that aims to raise custody, settlement and brokerage standards across the crypto and digital asset space.

The bank will help engage with international regulators and legislators, as well as others in the industry, to advocate for digital assets. Geoff Kot, global head of electronic trading and platforms for financial markets at Standard Chartered, said, "We look forward to the opportunity to work with other global experts to support the adoption of digital assets and to facilitate and lead the industry dialogue on digital asset standards."

Founded in 2018, GDF boasts members of banking, blockchain, crypto and financial organizations from various countries, including crypto exchanges Coinbase, Huobi.com, Six Digital Exchange and the 100x Group, the parent company of BitMEX, and has issued statements in support of U.S. crypto legislation.

Lawrence Wintermeyer, GDF's executive co-chair, said: "As institutional adoption of digital assets evolves rapidly, we must ensure the highest level of industry-wide best practices and standards are in place to keep pace with emerging policy and regulatory thinking and developments. "