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Standard Chartered ($900B global bank) just sent a note on DeFi to their client base they predict $4T of tokenized assets will be onchain by the end of 2028, split between stablecoins and RWAs with DEXs like Uniswap serving as their native liquidity layer

STANDARD CHARTERED TO CUT NEARLY 8,000 BACK-OFFICE JOBS AS AI USE RISES CEO Bill Winters said the plan is focused on replacing “lower-value human capital” with technology and investment capital. FT reports the bank will reduce back-office headcount by more than 15% by 2030. Affected functions include HR, risk and compliance across hubs including Bengaluru, Tianjin and Warsaw. Standard Chartered is also targeting a 20% increase in income per employee by 2028. New targets: ROTE above 15% in 2028 ROTE above 18% in 2030 Dividend payout ratio raised to 30% The bank says it already hit its $1.5B annualized cost-savings target one year early.

Standard Chartered Bank has acquired Zodia Custody ⚡️ 📑 About: @ZodiaCustody is an institutional grade crypto custody solution. 🤝 Acquired by: @StanChart Bank is an international banking group.