Standard Chartered Bank Now Acquires a LAND in The Sandbox Metaverse!

Standard Chartered Bank Purchased a LAND

Standard Chartered Bank Hong Kong announced today that, with the support of the bank’s venture arm SC Ventures, it has become the latest bank to purchase a plot of LAND in The Sandbox metaverse’s Mega City district.

To explore and implement innovative ideas, the bank will drive engagement with the firm’s clients, employees, and the global digital industry. Its goal, according to the London-based bank, is to experiment with and develop immersive experiences for its clients, as well as to attract creatives and sports fans to the Metaverse.

“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” said Mary Huen, CEO of Standard Chartered, Hong Kong.

“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,” added Alex Manson, Head of SC Ventures for Standard Chartered.

Several financial services firms are forming in the metaverse, which is now split equally between Decentraland and The Sandbox. JP Morgan was the first to enter Decentraland, followed by Imagin from CaixaBank and Fidelity Investments. The Sandbox was formed in Hong Kong, and the three banks that have established their companies in The Sandbox metaverse, HSBC, Siam Commercial Bank’s SCB 10X, and now Standard Chartered, all have Asian roots.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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