Leading digital asset firm FalconX has announced a strategic partnership with global banking giant Standard Chartered to enhance its crypto services offering to institutional clients worldwide.
FalconX Partners with Standard Chartered to Expand Enterprise Crypto Services
Under the partnership announced today, Standard Chartered will provide FalconX with a comprehensive suite of banking services, leveraging its infrastructure to better serve hedge funds, asset managers, payment platforms and other large-scale institutions in the digital asset ecosystem.
According to FalconX, the first phase of the partnership involves the integration of Standard Chartered’s banking infrastructure and multi-currency capabilities, aiming to increase the speed, scale and reliability of cross-border payments for FalconX’s institutional client base.
“This partnership allows us to scale faster while delivering enterprise-grade crypto solutions with the backing of one of the world’s most respected financial institutions,” FalconX said in a statement.
The partnership is planned to be launched first in Singapore and then expand to other Asian markets, the Middle East and eventually the United States, Reuters reported.
Standard Chartered has previously explored crypto custody and blockchain-based payment systems, cementing its foray into digital assets.
Founded in 2018, FalconX has become one of the leading crypto prime brokerage firms, having processed over $1.5 trillion in trading volume on its platform. The company is backed by well-known investors such as Accel, American Express Ventures, GIC, and Tiger Global Management.
With institutional demand for crypto products increasing, this partnership is a significant milestone in bridging traditional finance and digital assets, further strengthening the convergence between Wall Street and the crypto world.
*This is not investment advice.
Continue Reading: Digital Asset Company FalconX Forms Strategic Partnership with Global Banking Giant Standard Chartered! Here Are the Details
