PANews reported on May 14 that according to CoinDesk, Standard Chartered Bank announced a partnership with digital asset broker FalconX to provide institutional investors with more convenient cryptocurrency services. FalconX will leverage Standard Chartered's banking infrastructure and foreign exchange capabilities to start operations in Singapore, and then expand to other parts of Asia, the Middle East and the United States.
This cooperation is the first time that FalconX has established a partnership with a traditional global bank. Matt Long, General Manager of FalconX Asia Pacific and Middle East, said that this will enhance its ability to "provide robust banking and foreign exchange solutions to crypto market clients." Standard Chartered Bank has actively deployed in the crypto field in recent years, including launching custody services in the UAE and setting up a digital asset subsidiary in the European Union.
