Global bank Standard Chartered has beefed up its banking support to the cryptocurrency industry by inking a new partnership with the crypto prime broker FalconX.
Standard Chartered will provide a comprehensive suite of banking services to FalconX’s global institutional clients following the strategic partnership announced on May 14.
As part of the collaboration, FalconX will initially integrate Standard Chartered’s banking infrastructure and access to a range of diverse currency pairs for its institutional clients.
The partnership ultimately aims to include a broader range of offerings and mutual opportunities, the announcement noted.
Crypto support beyond banking
The partnership is expected to “expand beyond banking” into additional products and services designed to meet evolving crypto demand from both FalconX and Standard Chartered’s institutional clients.
The joint services will target a broad range of clients, including asset managers, hedge funds, token issuers and payment platforms, the companies said.
Matt Long, FalconX’s general manager of APAC