FalconX has announced a partnership with Standard Chartered Bank aimed at improving access to digital assets for institutional clients. According to the statement, FalconX will begin utilizing Standard Chartered’s banking infrastructure in Singapore, opening new opportunities for clients in the US, Asia, and the Middle East.
This is reported by Бізнес • Медіа
Enhancing Opportunities for Institutional Investors
The partnership involves leveraging Standard Chartered’s expertise in the foreign exchange market, which is expected to simplify access to digital assets for institutional clients. The owners of FalconX plan to expand their operations initially in Singapore, and later into the US and Middle Eastern markets.
Supporting Growing Interest in Cryptocurrencies
Matt Long, CEO of FalconX for the Asia-Pacific and Middle East regions, expressed confidence that this agreement will enable the company to more effectively provide reliable banking and foreign exchange services to clients working with digital assets.
“This announcement marks FalconX’s first partnership with a global traditional bank amid a broader wave of interest from institutional players in cryptocurrencies. This interest has been fueled, in part, by the approval of spot Bitcoin ETFs in the US and the growing momentum towards global industry regulation.”
It is also worth noting that FalconX recently underwent layoffs of several key personnel, which may indicate strategic changes within the company.