THELOGICALINDIAN - Standard Chartered Coffer has become the latest above coffer to access the metaverse The coffer has acquired basic acreage at The Sandbox metaverses Mega City commune a ability hub based on or aggressive by Hong Kong talents
Standard Chartered Bank Forays Into the Metaverse
Standard Chartered Bank appear Tuesday that its subsidiary, Standard Chartered Bank (Hong Kong) Ltd. (SCBHK), has partnered with The Sandbox, a accepted blockchain basic gaming platform, “to actualize [a] metaverse experience.”
Standard Chartered is a arch all-around coffer with 85,000 advisers confined barter in abutting to 150 markets worldwide. It has 776 branches globally.
The coffer explained that it is the aboriginal coffer to access “virtual acreage at The Sandbox metaverse’s Mega City district, a ability hub based on or aggressive by Hong Kong talents.” The action is led by SC Ventures, Standard Chartered Group’s innovation, fintech investment, and ventures arm.
The advertisement details:
The coffer aims to agreement and body new adventures for clients, as able-bodied as accompany “the bounded sports and art communities into the metaverse,” the advertisement adds.
Alex Manson, arch of Standard Chartered’s SC Ventures, commented:
Other above banks and banking casework firms that accept entered the metaverse accommodate JPMorgan, HSBC, and Fidelity Investments. HSBC additionally partnered with The Sandbox to footfall into the metaverse, while JPMorgan and Fidelity chose Decentraland.
The metaverse is accepted to abound significantly. Last month, Citi predicted that the metaverse could be a $13 abundance befalling with 5 billion users by 2030. Global advance banks Goldman Sachs and Morgan Stanley both accept that the metaverse could be an $8 abundance opportunity.
What do you anticipate about Standard Chartered Bank entering the metaverse? Let us apperceive in the comments area below.
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