Digital asset broker FalconX partners with Standard Chartered to enhance services for institutional clients

Digital asset broker FalconX has announced a strategic partnership with British multinational bank Standard Chartered to enhance services for institutional clients.

Digital asset broker FalconX has announced a strategic partnership with British multinational bank Standard Chartered to enhance services for institutional clients.

The first phase of the partnership will see Standard Chartered offering a range of banking and foreign exchange (FX) services to FalconX, which will help to improve the platform’s ability to handle cross-border payments. Over time, this partnership will expand into other offerings and mutual opportunities, the company stated.

By integrating Standard Chartered’s banking infrastructure, FalconX will now have access to more currency pairs, which will make cross-border transactions faster and more reliable for clients.

“We are pleased to partner with Standard Chartered, one of the most forward-thinking global banks in digital asset adoption,” said Matt Long, General Manager for APAC & Middle East at FalconX. “At FalconX, we work with some of the world’s largest institutions in the digital asset space, and this partnership will allow us to provide even better banking and FX solutions to clients who need to operate in the crypto world.”

The partnership comes shortly after recent comments from Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered. In a recent interview, Kendrick apologized for his earlier Bitcoin price target of $120,000, which he set in 2022.

Kendrick now believes that Bitcoin could surpass his initial forecast due to the growing institutional demand, which is pushing the crypto giant to new highs. He highlighted $5.3 billion in recent inflows to U.S. Bitcoin ETFs, a sign of increasing interest from large investors. As a result, Kendrick now expects Bitcoin to reach up to $200,000 by the end of the year.

“We are pleased to be partnering with FalconX, a leading digital asset broker in providing best-in-class services to institutional clients,” said Luke Boland, Head of Fintech at Standard Chartered. “This partnership showcases our commitment to advancing the digital asset ecosystem and delivering value to customers through collaboration.”