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<p>MidChains FZE announced a banking partnership with Standard Chartered on November 12, 2026. The bank will provide fiat settlement, segregated client money accounts and correspondent banking to support the Dubai-based digital asset platform’s institutional services.</p>
<h2 id="banking-services-for-institutional-settlement">Banking services for institutional settlement</h2>
<p>The agreement gives MidChains access to banking services for its day-to-day operations, including the cash leg of digital asset transactions. Correspondent banking supports payments across banks, while segregated client money accounts allow client funds to be held separately from the company’s own money.</p>
<p>Rola Abu Manneh, Standard Chartered’s chief executive for the UAE, Middle East and Pakistan, said the bank’s services would support MidChains’ institutional activity. MidChains CEO Basil Al Askari said the partnership would help connect the platform’s digital asset services to the banking infrastructure institutions already use.</p>
<h2 id="midchains-uae-licence">MidChains’ UAE licence</h2>
<p>Dubai’s <a href="https://www.vara.ae/en/licenses-and-register/public-register/midchains-fze/" rel="noopener noreferrer nofollow">Virtual Assets Regulatory Authority public register</a> lists MidChains FZE as an active virtual asset broker-dealer licensed to serve institutional, qualified and retail investors. MidChains said the banking arrangement supports its institutional services.</p>
<p>Source: <a href="https://idc.chase.com/newspublic/story?article=1e1501b284f8b84e" rel="noopener noreferrer nofollow">MidChains announcement via GlobeNewswire</a>.</p>
<p>This article was originally published as <a href="https://www.cryptobreaking.com/midchains-standard-chartered-banking-partnership/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">MidChains and Standard Chartered Announce UAE Banking Partnership</a> on <a href="https://www.cryptobreaking.com/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">Crypto Breaking News</a> – your trusted source for crypto news, Bitcoin news, and blockchain updates.</p>

MidChains and Standard Chartered Announce UAE Banking Partnership

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