Standard Chartered to serve Rain crypto brokerage customers

Bahrain and UAE regulated Rain Financial Inc. (“Rain”), crypto brokerage and custodian in the GCC, has signed a multi-jurisdictional banking agreement with Standard Chartered bank allowing Standard Chartered to provide banking services to Rain in both Bahrain and the UAE.

Services will include segregated client money accounts, fiat settlement, and correspondent banking supporting Rain’s operations across the region.

AJ Nelson, Rain Co-Founder explained, “As digital asset markets continue to evolve, strong banking relationships remain important in supporting secure and efficient operations. We are pleased to work with Standard Chartered to support Rain’s operations across Bahrain and the UAE.”

As per the press release, the arrangement supports Rain’s retail and institutional customers across Rain’s group, with settlements available in the major fiat currencies including AED, BHD, and USD.

Rola Abu Manneh, Chief Executive Officer, UAE, Middle East and Pakistan, Standard Chartered, noted, “Bahrain and the UAE continue to strengthen their positions as leading hubs for innovation in financial services, supported by evolving regulatory frameworks and growing institutional participation across the digital asset ecosystem. As activity in the sector continues to develop, banking infrastructure will play an important role in supporting firms operating within established regulatory environments. We look forward to supporting Rain’s growth across both markets.”