FalconX and Standard Chartered Bank have reached a strategic cooperation to expand the scope of institutional crypto services

Mars Finance News, digital asset prime broker FalconX announced a strategic partnership with global bank Standard Chartered, aiming to provide more efficient services for institutional crypto investors. This collaboration marks FalconX's first partnership with a global traditional bank, reflecting the growing demand from institutional clients to access digital assets through traditional financial channels. FalconX will leverage Standard Chartered's banking and foreign exchange services, including its extensive currency acquisition capabilities, to support its institutional clients. Matt Longing, FalconX's General Manager for Asia-Pacific and Middle East, stated: "Our clients will be able to settle fiat more efficiently, achieving faster settlement, better capital efficiency, and overall operational risk reduction." This partnership will initially launch in Singapore, followed by expansion to regions such as Asia, the Middle East, and the United States.