FalconX has reached a strategic partnership with Standard Chartered Bank to expand its institutional crypto services landscape
ChainCatcher news, digital asset prime broker FalconX has announced a strategic partnership with global bank Standard Chartered, aimed at providing more efficient services for institutional crypto investors. This collaboration marks FalconX's first partnership with a global traditional bank, reflecting the growing demand from institutional clients for access to digital assets through traditional financial channels.FalconX will leverage Standard Chartered's banking and foreign exchange services, including its extensive currency acquisition capabilities, to support its institutional clients. Matt Long, General Manager of FalconX for the Asia-Pacific and Middle East regions, stated, "Our clients will be able to settle fiat more efficiently, achieving faster settlement speeds, better capital efficiency, and an overall reduction in operational risk."This partnership will initially launch in Singapore and then expand to regions such as Asia, the Middle East, and the United States.