FalconX has partnered with global banking giant Standard Chartered to streamline banking access and foreign exchange services for institutional investors in the digital asset space.
The collaboration, revealed on 14 May, brings Standard Chartered’s banking infrastructure into FalconX’s operations, offering clients faster fiat settlements and broader currency coverage.
The integration marks FalconX’s first formal collaboration with a global traditional bank, as it looks to offer faster fiat settlements, improved capital efficiency and reduced operational risk for clients navigating digital asset markets.
Standard Chartered will initially support FalconX’s clients with banking and foreign exchange capabilities across key regions.
The bank’s fintech lead for South Asia, Luke Boland, said the partnership will begin in Singapore and scale across Asia, the Middle East and the United States.
Boland said,
“We’re proud to provide the banking infrastructure that enables firms like FalconX to deliver world-class trading and financing solutions to institutional clients.”
While the partnership currently focuses on banking infrastructure and foreign exchange support, both firms expect to explore additional opportunities together.
These could involve new product offerings and financial tools tailored to the evolving needs of digital asset investors.
According to FalconX’s general manager for APAC and Middle East, Matt Long,
“Our clients will be able to engage more efficiently in fiat currencies settlements, which means a lot faster settlement, better capital efficiency and overall reduced operational risk.”
Long also described Standard Chartered as “one of the most forward-thinking global banks in digital asset adoption.”
The integration will grant FalconX access to a diverse set of fiat currency pairs, strengthening its FX and banking capabilities for over 600 institutional clients.
Standard Chartered’s involvement is driven by growing demand from asset managers, hedge funds, family offices and payment platforms seeking trusted banking solutions in the crypto space.
The bank has been building its digital asset portfolio for several years, beginning with a strategic investment in Ripple in 2016.
In April, it launched a pilot with crypto exchange OKX to enable tokenised fund and crypto asset collateral usage among institutional clients.
The bank also launched a digital asset custody service in the UAE last year, reinforcing its commitment to digital asset infrastructure.
Founded in 2018, FalconX has rapidly scaled to become one of the sector’s leading institutional brokers.
The firm reported 2.5x revenue growth in Q2 2024 compared to the same period in 2023.
With backing from major investors including Singapore’s sovereign wealth fund GIC, Wellington Management and Tiger Global Management, FalconX reached an $8 billion valuation following a $150 million raise in 2022.
According to its official data, FalconX facilitated over $1.5 trillion in trading volume by the end of 2023.
Standard Chartered estimates the digital asset market could hit $10 trillion by 2026, a bullish outlook supported by the recent rise in crypto adoption following the election of crypto-friendly President Donald Trump.
The global crypto market surpassed $3 trillion in value in November.
As institutions increasingly seek secure and compliant entry points into digital assets, partnerships like this reflect the ongoing merge between traditional finance and crypto infrastructure.
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