Crypto Prime Broker Partners With StanChart
An institutional digital asset prime broker has partnered with Standard Chartered to leverage its banking capabilities.
FalconX and Standard Chartered have formed a strategic partnership, according to a statement. In the first phase of the tie-up, Standard Chartered will provide a suite of banking services, allowing FalconX to integrate into its banking infrastructure and access an extensive range of currency pairs, enhancing the speed, scale and reliability of cross-border settlement for its institutional client base.
This will «bridge the gap between traditional finance and digital assets with enterprise-grade infrastructure». Furthermore, the partnership is expected to expand beyond banking into additional products and services tailored to the evolving needs of institutional clients including asset managers, hedge funds, token issuers and payment platforms.
«Our collaboration with FalconX underscores our commitment to advancing the digital asset ecosystem. As institutional demand for digital assets continues to grow, we're proud to provide the banking infrastructure that enables firms like FalconX to deliver world-class trading and financing solutions to institutional clients,» said Luke Boland, head of fintech, ASEAN, South Asia & GCNA (Greater China & North Asia) at Standard Chartered.
FalconX is a digital asset prime brokerage for the top global institutions, providing comprehensive access to liquidity and a full range of trading services. The firm has offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore and Valletta. It is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management.
