FalconX, providing services in digital assets, and Standard Chartered bank have announced a strategic partnership aimed at developing services for institutional cryptocurrency investors.
History of the FalconX and Standard Chartered Partnership
FalconX, a California-based company, has partnered with leading traditional bank Standard Chartered for the first time. This marks a growing interest among institutions in cryptocurrencies via traditional financial channels.
Benefits of the Partnership
As part of the partnership, FalconX will gain access to Standard Chartered's robust banking structure and currency services. This will allow the company to provide its institutional clients with improved settlement speed and capital efficiency.
The Future of Digital Assets and Expansion Plans
The partnership will initially roll out in Singapore with expansion plans across Asia, the Middle East, and the U.S. Standard Chartered is actively growing its operations in digital assets, including launching a custody service for digital assets in the UAE.
The partnership between FalconX and Standard Chartered opens new opportunities for institutional investors in cryptocurrency and contributes to the ongoing development of infrastructure for digital assets.
