FalconX has partnered with Standard Chartered in a strategic partnership aimed at enhancing digital asset services for the world’s institutions. The partnership will provide FalconX’s clients with improved financial tools by combining crypto and conventional banking expertise.
Standard Chartered will offer its vast banking infrastructure and several currency pairs to facilitate FalconX’s international settlements. The merger aims to make cross-border transactions faster and more reliable for FalconX’s institutional clients.
The partnership is of importance as both companies aim to offer more services for more organizations. FalconX and Standard Chartered aim to offer asset managers, hedge funds, payment platforms, as well as crypto token issuers with more advanced financial and trading services.
First, the business partnership will launch in Singapore before it expands into other markets in Asia, the Middle East, and the United States. The phased process allows the companies to scale up effectively as the demand for safe digital assets increases.
Crypto giant FalconX expands institutional reach
FalconX is a reputable digital finance firm that has financed more than $1.5 trillion in trades. It was founded in 2018 and has raised investments from key players such as Accel, American Express Ventures, GIC, and Tiger Global Management.
The strategic alliance is a part of a broader trend in legacy financial organizations putting more investment into the digital asset sphere. Through the Standard Chartered partnership, FalconX gains access to stable financial infrastructure that brings credibility and quality of services to institutional clients.
Matt Long of FalconX emphasized the importance of the deal in building financially scalable solutions. FalconX nowadays services some of the largest financial institutions in the cryptocurrency market and is still in the process of blurring the distinction between digital finance and mainstream banks.
The organizations further seek to create innovative services and offerings that respond to the evolving needs of large financial institutions. With the increased demand for cryptocurrencies among institutional clients, the partnership is opportune for the financial world.
