FalconX, a leading institutional digital asset prime broker, has announced a strategic partnership with Standard Chartered, a prominent international banking group. This collaboration aims to enhance FalconX’s offerings to institutional clients, beginning with the integration of a comprehensive suite of banking services provided by Standard Chartered.
In the first phase of this partnership, Standard Chartered will integrate its banking infrastructure with FalconX’s platform, offering a range of global currency pairs. This integration is set to significantly improve the speed, scale, and reliability of cross-border settlements, bridging the gap between traditional finance and digital assets for FalconX’s institutional clients.
Matt Long, General Manager for APAC & Middle East at FalconX, expressed his excitement about the partnership, emphasizing that it will bolster FalconX’s ability to offer advanced banking and foreign exchange solutions to institutions in the crypto space.
As the partnership progresses, it is expected to expand into more comprehensive services and products designed to cater to the growing demand from institutional players in the digital asset market. These services will include offerings for asset managers, hedge funds, token issuers, and payment platforms, reflecting the evolving needs of the market.
Luke Boland, Head of Fintech, ASEAN, South Asia & GCNA at Standard Chartered, also highlighted the bank’s commitment to advancing the digital asset ecosystem.
“As institutional demand for digital assets grows, this partnership allows us to provide the banking infrastructure needed to support firms like FalconX in offering world-class trading and financing solutions,”
Boland said, reinforcing the strategic value of the collaboration.
This partnership marks a significant milestone in FalconX’s global expansion as it continues to meet the evolving needs of institutional investors. Furthermore, as part of its commitment to improving the institutional trading experience, Standard Chartered, alongside OKX, has launched the Collateral Mirroring Program. This initiative addresses the complexities and costs of managing collateral across multiple platforms, a major hurdle for investors seeking to benefit from high returns and diversification in crypto trading.
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