Standard Chartered Partners with FalconX to Supercharge Institutional Crypto Liquidity

Another legacy bank finally wakes up to crypto—this time with a liquidity lifeline from institutional powerhouse FalconX.

The move signals growing desperation among traditional finance giants to stay relevant as digital asset volumes eclipse their antiquated settlement systems.

Will this partnership actually move the needle? Or just another ’blockchain innovation’ press release destined for the corporate graveyard?

Standard Chartered Dives Into Crypto

It should be noted that this is the first time a major conventional bank has partnered with a prime broker. The action shows the increasing demand from big investors who want to use regulated financial infrastructure to access digital assets. Speaking about the same, Luke Boland, Head of Fintech, ASEAN, South Asia & GCNA at Standard Chartered said,

Through this partnership, the bank will provide FalconX a full range of financial services worldwide. In addition, the firm will include Standard Chartered’s infrastructure and get access to a wide variety of currency pairs for its institutional clientele’s cross-border settlements.

FalconX’s main office is in California. It provides services to some of the biggest asset managers, hedge funds, and sovereign wealth funds globally. The firm is backed by GIC, Wellington Management, as well as Tiger Global, and has a $8 billion valuation. The crypto broker has carried out more than $1.5 trillion in crypto trades. FalconX’s APAC and Middle East general manager, Matt Long, described Standard Chartered as “one of the most forward-thinking global banks in digital asset adoption.” He added,