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5d ago

FalconX and Standard Chartered Launch Strategic Partnership for Institutional Crypto Investors

The partnership integrates Standard Chartered's banking and FX infrastructure with FalconX's digital asset platform, starting in Singapore with plans for global expansion.

The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. REUTERS/Peter Nicholls/File Photo
Standard Chartered (Shutterstock)
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Overview

  • Standard Chartered and FalconX have formed a partnership to enhance services for institutional crypto investors by combining banking, FX, and digital asset capabilities.
  • The collaboration marks FalconX's first partnership with a traditional global bank, reflecting growing institutional interest in digital assets.
  • Operations launch in Singapore, with plans to expand across Asia, the Middle East, and the United States to meet rising demand.
  • Standard Chartered has been scaling its digital asset ecosystem through initiatives like UAE custody services, spot trading desks, and an OKX partnership.
  • The global cryptocurrency market surpassed $3 trillion in 2023, and Standard Chartered projects it could grow to $10 trillion by 2026.