SC Ventures Invests in Crypto Platform

Standard Chartered Bank’s fintech investment arm, SC Ventures, has made what the firm calls a strategic, but undisclosed, investment in crypto derivative exchange One Trading as part of a funding round.

Existing investor MiddleGame Ventures has increased its stake as part of the deal, One Trading say it will use the investment to support launching the first crypto perpetual futures in the European Union as a MiFID II trading venue. In July 2024, the Dutch financial market regulator granted One Trading an Organised Trading Facility (OTF) License, which establishes One Trading as a MiFID II trading venue.

With the OTF License approval, One Trading claims to be the only crypto perpetual futures trading venue in the EU and the first cash-settled perpetuals platform in Europe, including the UK. It says it is also the first regulated derivatives exchange in Europe which will be accessible to retail clients.

“Financial innovation should not come at the cost of consumer protection, 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,” says Alex Manson, CEO of SC Ventures. “We look forward to One Trading providing much needed infrastructure to all participants in the EU and further afield.”