Standard Chartered launches crypto trading: GBp 3,040 target for Standard Chartered stock

Published on 10/21/2026 at 09:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Standard Chartered launched crypto trading in the UAE on October 14, 2026. Jefferies set a GBp 3,040 target for Standard Chartered stock.

Digital assets and valuation

Standard Chartered launched cryptocurrency trading for affluent UAE clients on October 14, 2026.
Jefferies set a GBp 3,040 target on October 15, 2026, 47.93 percent above the LSE price.
Standard Chartered stock traded at EUR 24.73 at 9:34 a.m. CEST at Lang & Schwarz on October 21, 2026.
Standard Chartered will release third-quarter results on October 28, 2026.

Trading-Floor mit großen Bildschirmen und Finanzcharts im Hintergrund — Börsen-Editorialfoto vom Trading-Floor mit Finanzcharts symbolisiert Standard Chartered PLC, ISIN GB0004082847, an der Londoner Börse, Illustration mit AI erstellt.

Standard Chartered (ISIN GB0004082847) launched a cryptocurrency trading solution for affluent clients in the United Arab Emirates on October 14, 2026. According to Standard Chartered, the service gives eligible clients access to Bitcoin and Ether through existing bank accounts. Separately, MarketBeat reported that Jefferies reaffirmed its buy rating and set a GBp 3,040 price target for Standard Chartered on October 15, 2026.

Digital assets broaden the offer

The October 14 launch connects Standard Chartered's wealth and retail banking and corporate and investment banking businesses with Zodia Markets. The bank said professional investors in the UAE would receive access first, with expansion to other markets planned. The service uses a closed-loop model covering execution, custody and settlement, keeping the client relationship within the bank's platform.

The move followed two earlier digital-asset steps. On October 8, 2026, Standard Chartered announced plans for institutional custody of selected cryptoassets, stablecoins and tokenized real-world assets in Singapore, according to Standard Chartered. On October 12, 2026, the bank launched institutional custody for Ripple USD on the XRP Ledger and outlined planned collateral integration with Ripple and LMAX Group, according to Standard Chartered. The October 14 trading launch was the latest of the three developments.

What does the target imply?

Jefferies' GBp 3,040 target is 47.93 percent above the LSE price of GBp 2,055 on October 21, 2026. The same MarketBeat report said the target was Jefferies' view, while other brokerages cited in the report included Citigroup at GBp 2,370 and JPMorgan at GBp 2,470. Those targets are dated analyst views rather than forecasts from this article.

Next results arrive October 28

The next dated company event is Standard Chartered's third-quarter results on October 28, 2026. The investor-relations page says the release is scheduled for 04:00 UKT and the virtual presentation for 08:00 UKT, according to Standard Chartered. That report will provide the next operating test for the bank's growth and capital-return strategy.

Stock quote and investor context

Standard Chartered's LSE price was GBp 2,055 at 8:39 a.m. BST on October 21, 2026, while its market capitalization was GBP 44.6 billion at the same snapshot. For German investors, the euro indication was EUR 24.73 at Lang & Schwarz on October 21, 2026 at 9:34 a.m. CEST.

Standard Chartered stock was trading at EUR 24.73 at Lang & Schwarz on October 21, 2026 at 9:34 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Standard Chartered stock.