Standard Chartered has enhanced its support for the cryptocurrency industry through a new partnership with the crypto prime broker FalconX. Announced on May 14, the collaboration will see Standard Chartered providing a suite of banking services to FalconX’s global institutional clients. Initially, FalconX will integrate the bank's infrastructure and access to various currency pairs. The partnership is also expected to evolve beyond traditional banking, aiming to offer additional products and services to meet the increasing demand for crypto solutions among clients such as asset managers and payment platforms. FalconX's general manager praised Standard Chartered as a leader in digital asset adoption, stating that the relationship will strengthen their ability to offer robust banking and foreign exchange solutions. Luke Boland from Standard Chartered emphasized their commitment to bolstering the digital asset ecosystem in response to growing institutional interest in digital assets. This move follows Standard Chartered's ongoing engagement with cryptocurrencies, including previous initiatives like piloting crypto and tokenized fund collaterals for institutional investors.

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