Collaboration between FalconX and Standard Chartered
According to The Block, digital asset major broker FalconX has established a strategic partnership with Standard Chartered to enhance its crypto products targeting institutional clients.
Collaboration details
Banking infrastructure support: Standard Chartered will provide FalconX with comprehensive banking services, enhancing its service capabilities for global institutional clients.
Cross-border settlement optimization: FalconX will integrate Standard Chartered's banking infrastructure and a wider range of currency pairs to enhance the speed, scale, and reliability of cross-border settlements for global institutional clients.
Market expansion plan: The two parties plan to expand products and services to a broader customer base, including asset management companies, hedge funds, token issuers, and payment platforms.
Market expansion
According to reports from Reuters, the collaboration will initially launch in Singapore and then expand to other Asian markets, the Middle East, and the United States.
FalconX background
Founded in 2018, FalconX claims to be the largest crypto-focused major brokerage, having executed over $1.5 trillion in trading volume. Its investors include Accel, American Express Ventures, GIC, and Tiger Global Management.
