Standard Chartered scales institutional crypto banking with FalconX

Global bank Standard Chartered has beefed up its banking support to the cryptocurrency industry by inking a new partnership with the crypto prime broker FalconX.Standard Chartered will provide a comprehensive suite of banking services to FalconXs global institutional clients following the strategic partnership announced on May 14.As part of the collaboration, FalconX will initially integrate Standard Chartereds banking infrastructure and access to a range of diverse currency pairs for its institutional clients.The partnership ultimately aims to include a broader range of offerings and mutual opportunities, the announcement noted.Crypto support beyond bankingThe partnership is expected to expand beyond banking into additional products and services designed to meet evolving crypto demand from both FalconX and Standard Chartereds institutional clients.The joint services will target a broad range of clients, including asset managers, hedge funds, token issuers and payment platforms, the companies said.Matt Long, FalconXs general manager of APAC and Middle East, referred to Standard Chartered as one of the most forward-thinking global banks in digital asset adoption.At FalconX, we support trading and financing for some of the worlds 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, he said.SC is proud to provide banking services to crypto firmsStandard Chartereds collaboration with FalconX underscores the banks dedication to improving the digital asset ecosystem, said Luke Boland, the banks South Asia head of fintech.As institutional demand for digital assets continues to grow, were proud to provide the banking infrastructure that enables firms like FalconX to deliver world-class trading and financing solutions to institutional clients, Boland stated in the announcement.Standard Chartereds latest crypto move comes as yet another effort by the bank to provide banking services to the crypto industry.Related: Bunq, Europes second-largest neobank, expands into cryptoIn April, Standard Chartered partnered with major crypto exchange OKX to pilot cryptocurrency and tokenized fund collateral to institutional investors.The banks involvement in the cryptocurrency industry dates back to 2016, when Standard Chartered made a strategic investment in Ripple, the company behind the XRP (XRP) cryptocurrency.The growing banking commitment to crypto comes in line with expectations of executives at industry firms including Messari and Sygnum Bank, who predicted a global banking push into Bitcoin (BTC) in the second half of 2025 amid favorable regulatory developments.Magazine: Crypto wanted to overthrow banks, now its becoming them in stablecoin fight