Standard Chartered has taken another significant step in expanding its footprint in the cryptocurrency sector by forming a strategic partnership with crypto prime broker FalconX. Announced on May 14, the partnership will see Standard Chartered providing comprehensive banking services to FalconX’s global institutional clients. The initiative will begin with FalconX integrating Standard Chartered’s banking infrastructure and offering diverse currency pairs to institutional clients. The collaboration aims to extend beyond banking into more comprehensive digital asset services in the near future.
Expanding Beyond Banking: New Opportunities for Institutional Clients
The partnership is set to evolve beyond traditional banking services. FalconX and Standard Chartered plan to introduce additional products and services to meet the increasing demand for crypto-related financial solutions among institutional clients. These services will target a broad spectrum of clients, including asset managers, hedge funds, token issuers, and payment platforms. Matt Long, FalconX’s general manager for APAC and the Middle East, highlighted the importance of Standard Chartered’s progressive stance in digital asset adoption, emphasizing its role in supporting FalconX’s operations in the crypto markets.
A Commitment to Digital Asset Growth
Standard Chartered’s collaboration with FalconX underscores the bank’s continued commitment to the digital asset ecosystem. Luke Boland, Standard Chartered’s South Asia head of fintech, stated that the partnership aligns with the bank’s objective to provide robust banking infrastructure that enables firms like FalconX to deliver top-tier trading and financing solutions.
This move follows Standard Chartered’s recent initiative in April, where the bank partnered with OKX to pilot cryptocurrency and tokenized fund collateral services for institutional investors. As global regulatory frameworks become more favorable, industry experts from firms like Messari and Sygnum Bank anticipate further integration of crypto services by global banks, particularly in the second half of 2025.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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