According to a report by Deep Tide TechFlow, SC Ventures, the venture capital arm of Standard Chartered Bank, plans to raise $250 million for a fund focused on investing in digital assets in the financial services sector. Gautam Jain, a member of the SC Ventures operating team, stated during the Money 20/20 fintech event in Riyadh that the department plans to launch this fund next year, with part of the funding coming from Middle Eastern investors and investments covering a global range.
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According to a report by Deep Tide TechFlow, SC Ventures, the venture capital arm of Standard Chartered Bank, plans to raise $250 million for a fund focused on investing in digital assets in the financial services sector. Gautam Jain, a member of the SC Ventures operating team, stated during the Money 20/20 fintech event in Riyadh that the department plans to launch this fund next year, with part of the funding coming from Middle Eastern investors and investments covering a global range.