FalconX and Standard Chartered to Launch Institutional Banking Services

Cryptocurrency broker FalconX has announced a partnership with Standard Chartered. The collaboration aims to develop infrastructure for institutional clients, including hedge funds, token issuers, and payment services.

Standard Chartered will integrate its banking solutions and access to over 120 currency pairs into FalconX. This will expedite international settlements and enhance liquidity for the broker’s clients.

According to Reuters, the initial phase will see the launch of services in Singapore. The partners then plan to expand into the Middle East, the United States, and other Asian markets.

Founded in 2018, FalconX reports a transaction volume of $1.5 trillion. The company’s investors include Accel, American Express Ventures, and Tiger Global.

Back in March, the crypto broker conducted the “first-ever” block trade of Solana-based futures launched by the regulated derivatives exchange CME Group.