According to CoinDesk, Standard Chartered Bank announced a partnership with digital asset broker FalconX to provide institutional investors with more convenient cryptocurrency services. FalconX will leverage Standard Chartered's banking infrastructure and foreign exchange capabilities, initially launching operations in Singapore, followed by expansion to other regions in Asia, the Middle East, and the United States.

This collaboration marks FalconX's first partnership with a traditional global bank. Matt Long, General Manager of FalconX Asia Pacific and Middle East, stated that this will enhance their ability to provide "robust banking and foreign exchange solutions for crypto market clients." In recent years, Standard Chartered has been actively expanding into the crypto sector, including launching custody services in the UAE and establishing a digital asset subsidiary in the EU.