LMAX and Standard Chartered ran live prime-brokerage trades for spot Bitcoin and ether on LMAX Digital, with Standard Chartered Prime Brokerage acting as credit intermediary between counterparties. The pilot used T+1 settlement through Standard Chartered’s UK branch and settlement custody through its DIFC digital-asset platform. That is the bank-grade piece: a G-SIB balance sheet wrapped around live BTC and ETH execution on LMAX Digital.

TLDR by @Benthic

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