Standard Chartered Bank Signs Partnership With Digital Asset Broker FalconX
Bitcoin Magazine Standard Chartered Bank Signs Partnership With Digital Asset Broker FalconX Digital asset broker FalconX has announced a strategic partnership with British multinational bank Standard Chartered to enhanc...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin Magazine
Standard Chartered Bank Signs Partnership With Digital Asset Broker FalconX
Digital asset broker FalconX has announced a strategic partnership with British multinational bank Standard Chartered to enhance services for institutional clients.
In the first phase of the partnership, Standard Chartered will offer a range of banking and foreign exchange (FX) services to FalconX, helping to improve the platform’s ability to handle cross-border payments. Over time, this partnership will expand into other offerings and mutual opportunities, the company stated.
By integrating Standard Chartered’s banking infrastructure, FalconX will now have access to more currency pairs, making cross-border transactions faster and more reliable for clients.
“We are pleased to partner with Standard Chartered, one of the most forward-thinking global banks in digital asset adoption” said Matt Long, General Manager for APAC & Middle East at FalconX. “At FalconX, we work with some of the world’s largest institutions in the digital asset space, and this partnership will allow us to provide even better banking and FX solutions to clients who need to operate in the crypto world.”
The partnership comes soon after recent comments from Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, who apologized for his earlier Bitcoin price target of $120,000. Kendrick now believes Bitcoin could surpass his initial forecast due to the growing institutional demand. He highlighted $5.3 billion in recent inflows to U.S. Bitcoin ETFs, a sign of increasing interest from large investors. Kendrick now expects Bitcoin to reach up to $200,000 by the end of the year.
“Our partnership with FalconX shows our commitment to advancing the digital asset ecosystem,” said Luke Boland, Head of Fintech at Standard Chartered. “We’re proud to provide the banking infrastructure that helps firms like FalconX offer world-class trading and financing solutions to institutional clients.”
This post Standard Chartered Bank Signs Partnership With Digital Asset Broker FalconX first appeared on Bitcoin Magazine and is written by Jenna Montgomery.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin MagazineRelated market context
Standard Chartered to offer crypto custody services for institutional clients
Institutional crypto custody by banks like Standard Chartered may boost market legitimacy, potentially influencing crypto adoption...
Tether Signs Deal With Kazakhstan's Central Bank to Explore a Stablecoin and Tokenized Assets
Tether, issuer of the USDT stablecoin, will help Kazakhstan's central bank study a tenge-pegged token and put real-world assets on...
Greece plans 10% capital gains tax on crypto in first digital asset framework
Greece's crypto tax framework enhances predictability for investors, aligning with EU standards and potentially influencing broade...
From Bitcoin Mining to Global Banking, Bhutan Eyes Abu Dhabi
On Thursday, DK Bank, Bhutan’s fully digital bank, announced it had secured preliminary regulatory approval to establish a financi...
Blockchain and digital asset news outlet Cointelegraph explores sale: Report
Cointelegraph's traffic collapse highlights the risks of SEO penalties, impacting brand value and posing challenges for potential...
Standard Chartered to expand institutional crypto and RWA custody to Singapore
The bank would offer the service to institutions and accredited corporate investors, subject to regulatory requirements.