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SC Ventures, a subsidiary of Standard Chartered Bank, plans to raise $250 million for new fund in digital asset field
Summary: According to Bloomberg, SC Ventures, the venture capital arm of Standard Chartered Plc, is planning to raise $250 million for a fund focused on investing in digital assets in the financial services sector. Operating member Gautam Jain announced during the Money 20/20 fintech event in Riyadh that the fund is set to launch next year ...
According to Bloomberg, SC Ventures, the venture capital arm of Standard Chartered Plc, is planning to raise $250 million for a fund focused on investing in digital assets in the financial services sector. Operating member Gautam Jain announced during the Money 20/20 fintech event in Riyadh that the fund is set to launch next year with support from investors in the Middle East and a global focus. Jain also mentioned plans to launch a $100 million fund for Africa and potentially a venture debt fund, without specifying if these funds will also focus on digital assets or fintech. The department is increasing its presence in the Middle East this year, having started operations in Saudi Arabia in January. The strategy includes building a team focused on the Saudi market and launching a domestic fund in 2026 to invest in minority stakes in companies and new business expansion.
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Link: SC Ventures, a subsidiary of Standard Chartered Bank, plans to raise $250 million for new fund in digital asset field [Copy]
