Standard Chartered Bank Signs Partnership With Digital Asset Broker FalconX

FalconX, a leading digital asset broker, has recently announced a strategic partnership with Standard Chartered, a British multinational bank, aimed at enhancing services for institutional clients. This collaboration marks a significant development in the digital asset space, as it will bring together the expertise of both companies to offer a range of banking and foreign exchange (FX) services to FalconX.

In the initial phase of the partnership, Standard Chartered will provide support to FalconX in handling cross-border payments, utilizing its banking infrastructure to streamline transactions and expand the platform’s capabilities. By integrating with Standard Chartered, FalconX will gain access to a wider range of currency pairs, making cross-border transactions faster and more reliable for its clients.

Matt Long, General Manager for APAC & Middle East at FalconX, expressed his excitement about the partnership, stating, “We are pleased to partner with Standard Chartered, one of the most forward-thinking global banks in digital asset adoption. This collaboration will enable us to provide even better banking and FX solutions to our clients operating in the crypto world.”

The partnership comes at a time when there is increasing institutional demand for digital assets, as highlighted by Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered. Kendrick recently revised his Bitcoin price target, predicting that Bitcoin could surpass $200,000 by the end of the year due to growing interest from large investors. He pointed to the $5.3 billion inflows into U.S. Bitcoin ETFs as a clear indication of the rising interest in digital assets.

Luke Boland, Head of Fintech at Standard Chartered, emphasized the bank’s commitment to advancing the digital asset ecosystem through partnerships like the one with FalconX. He stated, “Our partnership with FalconX demonstrates our dedication to providing the banking infrastructure necessary for firms to offer world-class trading and financing solutions to institutional clients.”

Overall, the strategic partnership between FalconX and Standard Chartered holds promise for the digital asset industry, as it brings together the expertise of two leading players to enhance services for institutional clients. This collaboration is a testament to the growing interest and adoption of digital assets in the financial sector.