The cryptocurrency industry has been witnessing an increase in interest from retail as well as institutional investors from…

The cryptocurrency industry has been witnessing an increase in interest from retail as well as institutional investors from across the globe. Time and again, the ecosystem has caught the attention of institutions. But now, large investors will be able to deal with crypto assets much easily. More recently, prominent bank Standard Chartered went on to partner up with FalconX, a crypto broker.

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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,

“As institutional demand for digital assets continues to grow, we’re proud to provide the banking infrastructure that enables firms like FalconX to deliver world-class trading and financing solutions to institutional clients.”

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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,

“This relationship strengthens our ability to deliver robust banking and FX solutions to clients who rely on us to operate in crypto markets.”

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