FalconX teams up with Standard Chartered to Enhance Digital Asset Ecosystem for Institutional Clients
The digital assets prime brokerage company, FalconX, which is based in Bengaluru, has formed a partnership with Standard Chartered. This collaborative effort marks FalconX’s inaugural alliance with a conventional global bank, as highlighted in a Reuters article from 14 May 2025. Could this indicate an increasing institutional interest in digital assets via traditional financial pathways?
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Stay alert — the institutions are on their way!— AltCoiners.live (@alt_coiners) May 14, 2025
“This strategic alliance with FalconX highlights our dedication to fostering the digital asset ecosystem,” remarked Luke Boland, Head of Fintech, ASEAN, South Asia, and GCNA at Standard Chartered.
The partnership will extend beyond standard banking and include offerings for asset managers, hedge funds, coin issuers, and payment services.
Responding to the rising institutional appetite for digital assets, Boland mentioned, “As the institutional interest in digital assets keeps growing, we’re honored to offer the banking framework that enables companies like FalconX to provide top-tier trading and financing options to institutional clients.”
On the other hand, Matt Long, General Manager, APAC and Middle East at FalconX, stated, “We are excited to join forces with Standard Chartered, a pioneer bank in the digital asset adoption landscape. FalconX facilitates trading and financing for some of the largest institutions in digital assets, and this strategic alliance enhances our capacity to deliver strong banking and FX services to clients who depend on us for market operations,” he added.
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Partnerships Formed By Standard Chartered
In August 2024, Crypto.com disclosed its partnership with Standard Chartered, with the bank set to provide Crypto.com customized banking and payment solutions.
Standard Chartered-backed Zodia Custody announced a collaboration with Maple Finance, a notable crypto lending protocol. The British multinational bank’s crypto subsidiary is also working on acquiring a stake in a digital asset business supported by hedge fund magnate Alan Howard.
Most recently, Standard Chartered, announced a new establishment in Luxembourg to furnish crypto custody services on 9 January 2025.
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Targeting Institutional Clients: Circle, BitGo, Coinbase, Paxos Seek US Banking Licenses
After the easing of crypto regulations and limitations by US President Donald Trump, significant crypto entities like Circle, BitGo, Coinbase, and Paxos are submitting applications for US banking licenses.
As stated in a Wall Street Journal report, these firms are poised to leverage the current US government’s pro-crypto position.
The organizations are currently pursuing a variety of banking licenses, largely dependent on their specific business models. Some are aspiring for national trust or industrial bank charters, allowing them operational capabilities akin to traditional banking firms. Others are concentrating on more specialized licenses that would primarily base level stablecoin issuances and custody services.
“This signifies a natural progression for the crypto sector,” explains digital currency analyst Sarah Johnson. “As these platforms develop and aim to cater to a wider clientele, banking licenses deliver the regulatory infrastructure and customer safeguards necessary to function effectively within the established financial framework.”
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Key Takeaways
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The strategic alliance is anticipated to broaden beyond banking into further products and services tailored to meet the evolving requirements of FalconX’s and Standard Chartered’s institutional clients.
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In the initial stage of the collaboration, Standard Chartered will offer a comprehensive range of banking services to FalconX on a global scale.
The article FalconX and Standard Chartered Partner to Advance Digital Asset Ecosystem for Institutional Clients first appeared on 99Bitcoins.
