Standard Chartered scales institutional crypto banking with FalconX
Standard Chartered has partnered with crypto prime broker FalconX to enhance banking support for the cryptocurrency industry. The partnership will provide FalconX’s institutional clients with a suite of banking services, integrating Standard Chartered’s banking infrastructure and diverse currency pairs. The collaboration aims to expand beyond banking into additional products and services to meet the growing demand from institutional clients, including asset managers and hedge funds. Standard Chartered's commitment to the digital asset ecosystem is highlighted by previous partnerships, including one with OKX to pilot cryptocurrency collateral for institutional investors. The bank's involvement in crypto began in 2016 with an investment in Ripple. Industry executives anticipate a significant banking push into Bitcoin by late 2025, driven by favorable regulatory changes.
