Standard Chartered Bank announces partnership with The Sandbox metaverse – Bits Media

The transnational company Standard Chartered plans to launch its own virtual space within one of the largest metaverses.

Bankers announced, that their Hong Kong subsidiary Standard Chartered Bank (Hong Kong) (SCBHK) entered into a partnership with virtual gaming platform The Sandbox, to create your own space in the metaverse. According to bank representatives, they are the first, who purchased virtual land in the area of the virtual metropolis The Sandbox. The initiative is led by the bank's innovation division SC Ventures.

Standard Chartered plans to attract more employees in the near future, partners and clients, to develop your own space in the metaverse. Besides, the company plans to invite communities of athletes and artists, so that they help develop the bank’s virtual space.

Now Standard Chartered is one of the world's largest banks, which employs about 85,000 people, serving clients in 776 branches on the territory 150 countries of the world.

According to the head of SC Ventures Alex Manson (Alex Manson), the company has been building business models over the past years, digital asset oriented and Web3. Collaboration at The Sandbox, He says, became one of the bank’s most important steps towards the introduction of new technologies and innovations. The company is sure, that the metaverse is the next stage in the evolution of the Internet, opening up new opportunities not only for clients, but also for the bank itself.

Formerly co-founder of cryptocurrency services provider VegaX Holdings, Sang Lee (Sang Lee) stated, that blockchain has already left traditional finance behind.