Standard Chartered and crypto prime broker FalconX have announced a strategic partnership that further strengthens the bank’s position in the cryptocurrency and digital assets sector. In the initial phase, Standard Chartered will provide comprehensive banking services to FalconX globally, enhancing the platform’s institutional offerings through improved cross-border settlement capabilities.
“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,” said Matt Long, General Manager, APAC & Middle East at FalconX.
FalconX has established itself as a leading digital asset prime broker serving institutional clients worldwide. Backed by prominent investors including Accel, American Express Ventures, Tiger Global Management, and Wellington Management, FalconX was also the first CFTC-registered swap dealer focused on cryptocurrency derivatives.
This partnership marks another step in Standard Chartered’s aggressive push into crypto banking services. The bank has recently formed several relationships with digital asset firms, including providing cash management and custody services for stablecoin issuer Paxos, partnering with cryptocurrency exchange OKX for institutional custody solutions, and collaborating with Singapore’s StraitsX on stablecoin services.
Standard Chartered’s crypto involvement extends beyond banking partnerships. The institution was an early investor in Ripple and crypto custody technology firm Metaco (later acquired by Ripple). Additionally, the bank’s SC Ventures has launched Zodia Custody and Zodia Markets, with the latter exploring stablecoin-based solutions for cross-border FX payments, particularly to address challenges faced by APAC investors trading US securities.
