Standard Chartered Becomes Latest Bank to Enter the Metaverse

Standard Chartered Bank is the latest financial institution to enter the metaverse by acquiring a virtual land at The Sandbox metaverse’s Mega City district. Previously, the HSBC bank also struck a deal with the virtual gaming platform in March. Exploring Opportunities in the “New and Exciting Space” Led by SC Ventures, Standard Chartered Group’s innovation, fintech investment and ventures arm, SCBHK intends to engage its clients, partners, staff, and the tech community, to explore opportunities in the “new and exciting space.” Aside from experimenting and building new experiences for clients, the bank also aims to bring local sports and art communities into the metaverse. With the latest acquisition, Standard Chartered became the first bank to buy land in The Sandbox’s Mega City district. Other residents of the Metaverse include Warner Music Group, Adidas and Atari. Other major banks and financial services firms that have entered the metaverse include JPMorgan, HSBC, and Fidelity Investments. HSBC also partnered with The Sandbox to step into the metaverse, while JPMorgan and Fidelity chose Decentraland.The post Standard Chartered Becomes Latest Bank to Enter the Metaverse first appeared on Cryptoknowmics-Crypto News and Media Platform.The post Standard Chartered Becomes Latest Bank to Enter the Metaverse appeared first on Cryptoknowmics-Crypto News and Media Platform.