FalconX and Standard Chartered Bank collaborate to complement each other and jointly promote the global expansion of institutional level encryption services

Cryptocurrency major broker FalconX and global bank Standard Chartered Bank announced on Wednesday that they have established a strategic partnership to provide services to institutional cryptocurrency investors. This cooperation marks FalconX's first collaboration with traditional banks worldwide and demonstrates the growing institutional demand for digital assets through traditional financial channels.

After Donald Trump, who supports cryptocurrency, was elected, the global cryptocurrency market value exceeded $3 trillion in November, sparking expectations for a golden age of digital assets. With the increasing participation of investors in digital assets, the demand for cooperation between traditional financial channels and the cryptocurrency market has become increasingly urgent.

As an institutional level cryptocurrency broker, FalconX's core advantage lies in its ability to provide low-risk cryptocurrency asset trading and risk management services to large investors. Its clients include some of the world's largest asset management companies, sovereign wealth funds, hedge funds, and family offices. Standard Chartered Bank has also accelerated its layout in the field of digital assets in recent years. Last year, the bank launched digital asset custody services in the United Arab Emirates. In April, it partnered with digital exchange OKX to enable institutional clients to use cryptocurrency as collateral, while Standard Chartered Bank has long positioned itself as a "super connector" connecting the Chinese and global markets. Its cooperation experience with the Shenzhen Cross border E-commerce Pilot Zone provides underlying capability support for its global expansion in the cryptocurrency field.

Matt Lang, General Manager of Asia Pacific and Middle East at FalconX, stated that FalconX will leverage Standard Chartered Bank's banking and forex services, including its use of multiple currencies, to support its institutional clients. He said, "Our clients will be able to participate more effectively in fiat currency settlements, which means faster settlements, better capital efficiency, and overall reduced operational risk

This cooperation is Falcon X's first deep integration with traditional global banks, marking the expansion and compliance upgrade of its service capabilities. Standard Chartered Bank can rely on its global payment network, foreign exchange trading capabilities, and compliance framework to provide Falcon X with fiat currency channels and cross-border settlement support. For Standard Chartered Bank, this cooperation is a crucial step in extending its cryptocurrency business and further building a comprehensive service system of "bank+cryptocurrency".

Standard Chartered Bank's Asia Head of Fintech, Luke Boland, stated that the bank's partnership with FalconX will begin in Singapore and then expand to other countries in Asia, the Middle East, and the United States. The cooperation between the two can be attributed to the growing demand for institutional encryption services forcing traditional finance to upgrade its facilities, and Standard Chartered Bank preparing to seize the opportunity of digital asset services through resource integration and regional expansion. Both parties are prepared to complement each other's capabilities to jointly respond to the global institutional investors' demand for cryptocurrency business.

The cooperation between FalconX and Standard Chartered Bank has accelerated the integration of traditional finance and the crypto ecosystem. Through resource integration, they have improved institutional service efficiency and compliance levels, while promoting Standard Chartered Bank's strategic position in the crypto prime brokerage field, reshaping the competitive landscape of the Asian and Middle Eastern markets, and are expected to become a key hub connecting traditional finance and the crypto ecosystem. In the future, cooperation between the two will revolve around global market penetration, innovation in encrypted financial products, and deep technological synergy. However, regulatory coordination and technological risks remain the core challenges that both parties need to address in the long term.