- Standard Chartered partners with crypto brokerage FalconX to boost crypto services for institutional investors, starting in Singapore.
- The collaboration aims to make digital asset trading and custody more accessible for institutions, with future expansion set for the U.S. and Middle East.
- FalconX has handled over $1.5 trillion in crypto trades and recently broadened its offerings through new acquisitions and product launches.
Standard Chartered is joining forces with digital assets prime broker FalconX to strengthen crypto offerings for institutional clients. According to statements from both companies, the effort will launch in Singapore, with plans to grow into U.S. and Middle Eastern markets.
As part of the agreement, FalconX will use Standard Chartered’s banking and currency conversion infrastructure to simplify digital asset access for large investors. FalconX stated that this partnership will allow its clients to benefit from streamlined processes when operating in crypto markets.
“This move will help us deliver robust banking and FX solutions to clients who rely on us to operate in crypto markets,” said Matt Long, General Manager, APAC & Middle East at FalconX. The initiative marks FalconX‘s first time working with a global traditional bank, amid growing institutional interest following the Bitcoin-etf-BlackRock-fidelity-ark-bitwise”>approval of spot Bitcoin ETFs in the U.S. and ongoing efforts to regulate digital assets.
Standard Chartered expects the overall crypto market to reach $10 trillion by 2026. The bank has made several moves in this space, including launching crypto custody services in the UAE-crypto-regulatory-approval”>United Arab Emirates (UAE), establishing a new digital asset subsidiary in the European Union, and working with Ordinals-wallet”>OKX to allow institutional customers to post cryptocurrency as collateral.
In 2023, Standard Chartered became one of the first major global banks to launch direct crypto trading desks for Bitcoin and Ethereum. This broader push signals its confidence in the sector’s long-term growth.
For FalconX, the partnership supports its global growth strategy. The San Mateo-based firm serves hedge funds, sovereign wealth funds, and asset managers, and claims to have processed over $1.5 trillion in trades across 400 digital tokens. Backers include GIC, Wellington Management, and Tiger Global, with the company most recently valued at $8 billion. FalconX has also expanded through the acquisition of crypto derivatives firm Arbelos Markets, and in March, it completed the first block trade of Solana futures on CME Group, shortly before that contract’s launch.
Institutional firms and global banks continue to explore partnerships and services in the crypto space as industry regulations and mainstream adoption evolve.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Armed Gang Tries to Kidnap Crypto Exec’s Family in Paris Attack
- eToro Raises IPO Size to $620M, Prices Shares Above Range
- Bitcoin Holds Near All-Time High as Treasury Yields Climb to 4.5%
- US Regulators Ease Crypto Rules, Enabling Banks to Hold Digital Assets
- Bitcoin Holds Above $100K as VIX Drops, Bullish Sentiment Surges
