Standard Chartered Deepens Crypto Banking Ties
New Institutional Push with FalconX
đ¤ A Strategic Leap into Digital Assets
Standard Chartered has taken a bold step to strengthen its role in the cryptocurrency sector by partnering with FalconX, a leading crypto prime broker. Announced on May 14, the partnership will see Standard Chartered offer a full suite of banking services to FalconXâs global institutional clientele.
đ Global Services for Institutional Clients
Initially, FalconX will tap into Standard Charteredâs robust banking infrastructure and gain access to a wide range of currency pairs. This integration is designed to enhance FalconXâs capabilities in delivering seamless crypto trading and financing services to institutions across the globe.
đŽ Expanding Beyond Traditional Banking
More than just banking, the collaboration aims to evolve into a broader ecosystem of services tailored to the fast-changing digital asset landscape. The offerings will cater to a wide range of institutionsâasset managers, hedge funds, token issuers, and payment platformsâall seeking secure and scalable crypto solutions.
đŹ A Future-Focused Collaboration
FalconX described Standard Chartered as a forward-thinking bank in the digital asset space, with the partnership enhancing FalconXâs ability to deliver reliable trading and FX services. Standard Chartered, in turn, expressed pride in providing the banking backbone that enables innovation in crypto markets.
đ A Growing Footprint in Crypto
This alliance is part of Standard Charteredâs ongoing expansion into digital assets. In April, the bank joined hands with OKX to pilot tokenized collateral for institutional investors. Its journey in crypto began back in 2016 with a strategic investment in Ripple, highlighting a long-term vision for digital finance.
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