Standard Chartered and FalconX have announced a strategic partnership aimed at offering enhanced services to institutional investors in the cryptocurrency market. The collaboration marks FalconX’s first alliance with a traditional global bank, underscoring the increasing integration of digital assets within established financial systems.

Announced on Wednesday, the partnership enables FalconX to leverage Standard Chartered’s extensive banking and foreign exchange capabilities. According to Matt Long, FalconX’s General Manager for APAC and the Middle East, this collaboration will improve capital efficiency and reduce operational risk for clients by facilitating faster and more efficient fiat currency settlements.

Based in California, FalconX provides crypto prime brokerage services to a global institutional client base, including asset managers, sovereign wealth funds, hedge funds, and family offices. The company was valued at $8 billion in 2022 after securing a $150 million funding round backed by major investors such as GIC, Wellington Management, and Tiger Global.

Standard Chartered, headquartered in Hong Kong, highlighted the growing demand for digital asset access among its institutional clients as a primary motivator behind the partnership. The collaboration is set to launch in Singapore before expanding to other key markets across Asia, the Middle East, and the United States.

Luke Boland, Asia Head of Fintech at Standard Chartered, emphasized that the partnership is part of the bank’s broader strategy to support digital asset innovation. The bank has been proactively building its digital asset infrastructure, including launching a custody service in the United Arab Emirates and partnering with exchange OKX in April to allow institutional clients to use crypto as collateral.

The move comes amid a broader market upswing, with the global cryptocurrency market exceeding $3 trillion in valuation in November, driven by pro-crypto sentiment following Donald Trump’s U.S. presidential election win. Standard Chartered projects the total value of digital assets could soar to $10 trillion by 2026.

As institutional adoption accelerates, the FalconX-Standard Chartered alliance positions both firms at the forefront of the evolving digital finance ecosystem.

The post Standard Chartered Partners with FalconX to Serve Growing Institutional Demand for Crypto appeared first on CryptoShrypto.

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Filed under: Bitcoin - @ May 17, 2025 5:17 pm