FalconX Partners with Standard Chartered to Launch Institutional Banking Solutions

The crypto broker FalconX has announced a collaboration with Standard Chartered. This partnership is focused on enhancing infrastructure for institutional clients, including hedge funds, token issuers, and payment services.

Standard Chartered will integrate its banking solutions and provide access to over 120 currency pairs within FalconX’s platform. This integration aims to expedite international transactions and improve liquidity for the broker’s clients.

According to Reuters, the initial phase of the partnership will involve launching services in Singapore. Subsequently, the partners plan to expand into markets in the Middle East, the United States, and other Asian countries.

Founded in 2018, FalconX reports a trading volume of $1.5 trillion. The company’s investors include Accel, American Express Ventures, and Tiger Global.

It’s worth noting that in March, FalconX executed the «first-ever» blockchain transaction involving futures based on Solana, which were launched by the regulated derivatives exchange CME Group.