Standard Chartered Rises on Blockchain Treasury Initiatives
Standard Chartered (STAN.L) gained ground as its blockchain-based treasury solutions attracted corporate interest globally. The bank's share price held NEAR £17.92, approaching year-high levels amid a £40.6 billion market valuation.
Investor confidence strengthened with nearly $1 billion deployed in share buybacks, part of a $1.3 billion program extending through January 2026. Recent purchases of 458,902 shares for cancellation signal continued capital discipline.
Tokenized deposit expansion across Asia positions the bank as a pragmatic adopter of distributed ledger technology. While analysts debate 2026 targets, fee-based revenue and wealth management growth provide fundamental support.