FalconX partners with Standard Chartered to boost crypto offerings for institutional clients

Digital asset prime broker FalconX has entered a strategic partnership with Standard Chartered to strengthen its crypto offerings for institutional clients.

"Standard Chartered will provide a comprehensive suite of banking services to FalconX globally, further strengthening the platform's offerings for institutional clients," the brokerage said in a statement on Wednesday.

Initially, the partnership would see FalconX integrate Standard Chartered's banking infrastructure and wider range of currency pairs to improve the speed, scale, and reliability of cross-border settlements for its global institutional clients.

The pair plans to expand their products and services to target a larger group of entities, including asset managers, hedge funds, token issuers, and payment platforms.

According to a Reuters report , the collaboration is set to begin its expansion in Singapore and later expand its presence to other Asian markets, the Middle East and the U.S.

Founded in 2018, FalconX claims it is the largest crypto-focused prime brokerage firm that has executed over $1.5 trillion in trading volume, according to its website. It is backed by investors, including Accel, American Express Ventures, GIC and Tiger Global Management.