- Standard Chartered and Coinbase have expanded their collaboration to enhance digital asset services for institutional investors.
- The partnership will focus on trading, custody, staking, lending, and prime services within a secure and compliant framework.
- The collaboration builds on existing banking connectivity in Singapore that enables real-time transfers in local currency.
- The US Office of the Comptroller of the Currency has conditionally approved national trust bank charters for five firms in the digital assets sector.
Standard Chartered and Coinbase announced an expansion of their partnership on Friday to develop crypto infrastructure aimed at institutional clients. The firms will explore services including trading, custody, staking, lending, and prime services to provide secure, transparent, and compliant digital asset solutions.
The initiative seeks to merge Standard Chartered’s expertise in cross-border banking and custody with Coinbase’s institutional crypto platform. Margaret Harwood-Jones, global head of financing and securities services at Standard Chartered, said they aim to create interoperable solutions that meet high standards of security and compliance. This partnership builds upon existing collaboration in Singapore, where Standard Chartered supports banking connectivity for Coinbase, allowing instant Singapore dollar transfers for the exchange’s users, as noted in the announcement.
Last year, crypto.com also partnered with Standard Chartered to offer global retail banking services enabling deposits and withdrawals in U.S. dollars, euros, and UAE dirhams for users across more than 90 countries through its app.
Separately, the U.S. Office of the Comptroller of the Currency has conditionally approved national trust bank charter applications for five companies in the digital asset sector. The approvals include firms such as BitGo, Fidelity Digital Assets, and Paxos, which intend to convert existing state-chartered trust companies into national trust banks. New applicants Circle and Ripple also received conditional approval.
This regulatory development marks continued efforts to integrate crypto custodial services within the established banking framework, supporting digital asset growth under federal oversight.
For further details on the partnership, see the official announcement.
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