Standard Chartered Partners FalconX to Boost Crypto Services for Institutions

Standard Chartered has expanded its support for the cryptocurrency industry by forming a strategic partnership with FalconX, a leading institutional digital asset prime broker. This collaboration aims to enhance crypto services for institutional investors by integrating Standard Chartered's banking infrastructure and providing access to a diverse range of currency pairs. The initial focus of the partnership is to improve the speed, scale, and reliability of cross-border settlement for FalconX's institutional clients, bridging the gap between traditional finance and digital assets with enterprise-grade infrastructure.

Matt Long, General Manager for APAC & Middle East at FalconX, praised Standard Chartered's forward-thinking approach to digital asset adoption. He noted that this collaboration strengthens FalconX's ability to deliver robust banking and FX solutions to clients operating in crypto markets. As FalconX continues to expand its global footprint, the partnership is expected to evolve beyond banking into additional products and services tailored to the needs of institutional clients, including asset managers, hedge funds, token issuers, and payment platforms.

Luke Boland, Head of Fintech for ASEAN, South Asia & GCNA at Standard Chartered, emphasized the bank's commitment to advancing the digital asset ecosystem. He stated that as institutional demand for digital assets grows, Standard Chartered is proud to provide the necessary banking infrastructure to enable firms like FalconX to deliver world-class trading and financing solutions to their clients.

This strategic partnership marks FalconX's first collaboration with a global traditional bank, indicating a growing institutional demand for digital assets. The integration of Standard Chartered's banking services is expected to significantly improve the efficiency and reliability of FalconX's offerings, further solidifying its position as a leading digital asset prime broker. The collaboration underscores both companies' dedication to driving innovation in the financial sector and meeting the evolving needs of institutional clients in the digital asset space.

Standard Chartered's latest move in the cryptocurrency industry comes as part of its ongoing efforts to provide banking services to the sector. In April, the bank partnered with major crypto exchange OKX to pilot cryptocurrency and tokenized fund collaterals to institutional investors. Standard Chartered's involvement in the cryptocurrency industry dates back to 2016, when it made a strategic investment in Ripple, a company behind the XRP cryptocurrency. This growing commitment to crypto aligns with expectations from industry executives who forecast a global banking push into Bitcoin in the second half of 2025 amid favorable regulatory developments.