Standard Chartered Partners FalconX for Enhanced Crypto Banking Services

Standard Chartered has initiated the provision of banking services for FalconX, a prominent institutional prime broker in the digital asset space. This collaboration is aimed at enhancing the speed and reliability of cross-border settlements for FalconX's clients, which include asset managers, hedge funds, token issuers, and payment platforms.

FalconX, headquartered in San Mateo, California, will gain access to a wide range of currency pairs through this partnership. This integration is expected to bridge the gap between traditional finance and cryptocurrency, bringing FalconX's services up to the level found in traditional financial institutions. The prime broker plans to utilize Standard Chartered's banking support as a gateway to attract more institutional clients by offering additional products and services.

Standard Chartered is already deeply involved in the crypto industry, being the majority shareholder of digital asset custodian Zodia Custody and its exchange arm Zodia Markets. This strategic partnership with FalconX further solidifies Standard Chartered's position in the digital asset ecosystem, providing a robust banking infrastructure to support the growing demand for digital assets.

Matt Long, General Manager for APAC & Middle East at FalconX, highlighted the significance of this partnership, stating that it strengthens FalconX's ability to deliver robust banking and FX solutions to clients operating in crypto markets. He praised Standard Chartered's forward-thinking approach to digital asset adoption, which aligns with FalconX's mission to support trading and financing for some of the world's largest institutions in digital asset markets.

Luke Boland, Head of Fintech for ASEAN, South Asia & GCNA at Standard Chartered, emphasized the bank's commitment to advancing the digital asset ecosystem. As institutional demand for digital assets continues to grow, Standard Chartered aims to provide the necessary banking infrastructure to enable firms like FalconX to deliver world-class trading and financing solutions.

This partnership is expected to expand beyond banking services, encompassing additional products and services tailored to the evolving needs of FalconX's and Standard Chartered's institutional clients. This strategic alliance underscores the growing integration of traditional financial services with the digital asset sector, paving the way for more innovative and efficient solutions in the global financial landscape.