Leading digital asset brokerage firm, FalconX has announced a strategic partnership with international cross-border banking group, Standard Chartered to serve institutional crypto investors. The brokerage firm confirmed the development in a press release on Wednesday.
According to the statement released, FalconX plans to execute the partnership in different stages. During the first phase, the banking group is expected to provide a comprehensive suite of banking services to FalconX customers globally. As revealed, the services will also include a broader range of offerings and mutual opportunities, further strengthening the platform’s offering for institutional clients.
At another phase in the partnership, FalconX will also integrate Standard Chartered’s robust banking infrastructure into its platform. As revealed, this integration is designed to provide the brokerage firm institutional-based users with wider selection of currency pairs, thus improving the speed, scalability, and reliability of cross-border settlements. In addition, this integration also signifies the brokerage firm’s effort to bridge the gap between traditional finance and digital assets with enterprise-grade infrastructure.
FalconX reveals plan to broaden its horizon
In addition, FalconX also announced plans to broaden its global presence. The brokerage firm plans to go beyond banking in the future by offering additional products and services designed to meet the diverse needs of both partners’ institutional clients. Among these anticipated products and services are asset managers, hedge funds, token issuers and payment platforms.
The general manager of FalconX in APAC and the Middle East region, Matt Long, expressed delight at the collaboration with Standard Chartered, describing the firm as one of the most forward-thinking global banks in digital asset adoption. He added that FalconX’s capability as a renowned trading and financing services provider for major institutions in the digital asset industry further solidifies the firm’s ability to deliver robust banking and FX solutions to clients.
Similarly, Standard Chartered’s head of fintech, ASEAN, South Asia, and GCNA, Luke Boland, has commented on the partnership. Boland noted that partnering with FalconX further reaffirms the banking group’s dedication to advancing the digital asset ecosystem. He also highlighted his firm’s dedication to delivering world-class banking infrastructure that allows firms like FalconX to render tailored solutions to institutional clients.
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