FalconX, the institutional digital asset prime broker, announces a strategic partnership with Standard Chartered, an international cross-border banking group.
In the first phase of the partnership, Standard Chartered will provide a suite of banking services to FalconX globally, “strengthening the platform’s offerings for institutional clients.”
The engagement will expand to include “a range of offerings and mutual opportunities.”
Through this collab, FalconX will initially integrate Standard Chartered’s banking infrastructure and “access to a range of currency pairs, enhancing the speed, scale, and reliability of cross-border settlement for its institutional client base.”
This continues FalconX’s efforts to “bridge the gap between traditional finance and digital assets with enterprise-grade infrastructure.”
Matt Long, General Manager, APAC & Middle East at FalconX, commented:
“We are pleased to partner with Standard Chartered, one of the most forward-thinking global banks in digital asset adoption. At FalconX, we support trading and financing for some of the world’s largest institutions in digital asset markets, and this relationship strengthens our ability to deliver robust banking and FX solutions to clients who rely on us to operate in crypto markets.”
As FalconX continues to grow its footprint, the partnership is expected to expand beyond banking “into additional products and services tailored to the needs of FalconX’s and Standard Chartered’s institutional clients — including asset managers, hedge funds, token issuers, and payment platforms.”
Luke Boland, Head of Fintech, ASEAN, South Asia & GCNA at Standard Chartered, added:
“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.”
As noted in the update, FalconX is a digital asset prime brokerage for the institutions.
They provide access to digital asset liquidity and “a range of trading services.”
Their 24/7 dedicated team for account, operational and trading needs enables investors to “navigate markets around the clock.”
FalconX Bravo, Inc., a FalconX affiliate, was the “first CFTC-registered swap dealer focused on cryptocurrency derivatives.”
The company 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.”
FalconX has offices “in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore, and Valletta.”
As covered, Standard Chartered is an international banking group, “with a presence in 53 of the world’s most dynamic markets.”
Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.