FalconX Taps Standard Chartered in Institutional Crypto Investor Tie-Up
Standard Chartered partners with FalconX to enhance crypto services for institutional investors. FalconX will utilize Standard Chartered's banking and foreign exchange infrastructure to improve access to digital assets, initially targeting clients in Singapore, with plans to expand to Asia, the Middle East, and the U.S. This partnership marks FalconX's first collaboration with a traditional global bank amid rising institutional interest in crypto, influenced by recent spot Bitcoin ETF approvals and regulatory developments. Standard Chartered anticipates the crypto market will reach $10 trillion by 2026 and is investing in various initiatives, including crypto custody services and a digital asset subsidiary in the EU. FalconX, which has processed over $1.5 trillion in crypto trades, serves major hedge funds and asset managers and was valued at $8 billion in its last funding round.
