Standard Chartered Bank (Hong Kong) buys a virtual land at The Sandbox metaverse’s Mega City district

Standard Chartered Bank (Hong Kong) buys a virtual land at The Sandbox metaverse’s Mega City district

(PRESS RELEASE) HONG KONG, 25-Apr-2022 — /EuropaWire/ — Standard Chartered (LON: STAN), a leading international banking group, has announced that its Hong Kong subsidiary Standard Chartered Bank (Hong Kong) Limited entered into a new partnership with The Sandbox, a leading decentralised gaming virtual world, to create innovative experiences for its  clients and the community.

SCBHK is the first bank to acquire virtual land at The Sandbox metaverse’s Mega City district, a culture hub based on or inspired by Hong Kong talents.

Led by SC Ventures, Standard Chartered Group’s innovation, fintech investment and ventures arm, SCBHK will actively engage its clients, partners, staff, and the tech community, to explore co-creation opportunities in this new and exciting space, with the goal of experimenting and building new experiences for clients, as well as bringing the local sports and art communities into the metaverse.

Mary Huen, Chief Executive of Standard Chartered, Hong Kong said: “The metaverse is a vision for the next phase in the internet’s evolution, bringing new possibilities and unique experiences through the use of immersive technologies. Our involvement in the metaverse allows us to reimagine our relationship with existing and potential clients on this new platform and our approach to enhance client journeys. Having acquired virtual land in Mega City, a natural choice for the Bank given its distinctive Hong Kong theme, perfectly fits with our promise of strengthening our continued presence in Hong Kong, whether physical or virtual.”

Alex Manson, Head of SC Ventures, Standard Chartered, said: “For the past few years, we have been building business models in crypto, digital assets and see the rise of the metaverse as a critical milestone in the Web 3.0 evolution. We are excited for this opportunity to explore and innovate in partnership with The Sandbox, but also with our clients and partners who will play a crucial role in how this space develops.”

SC Ventures has been investing in disruptive financial technology and exploring alternative business models for the Bank. The innovation arm will continue to drive the Bank’s entrance into the metaverse and exploration of future Web 3.0 opportunities.

Click here for a teaser video of this innovative initiative.

For further information please contact:

Nicole Lo
Corporate Affairs
Standard Chartered Bank (Hong Kong) Limited
+852 3843 0331

Standard Chartered

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Standard Chartered PLC is listed on the London and Hong Kong Stock Exchanges.

SOURCE:  Standard Chartered