Standard Chartered (STAN) to Offer Banking Solutions for FalconX to Improve International Transactions

Standard Chartered (STAN) is now providing banking services for institutional prime broker FalconX. The San Mateo, California-headquartered broker will access a range of currency pairs, helping to enhance the speed and reliability of its cross-border settlement, FalconX announced on Wednesday. Prime brokers are an essential component in financial markets, offering financing, trading, and custody services to large institutions. FalconX aims to bridge the gap between traditional finance and cryptocurrency by elevating its services to meet the standards found at traditional financial institutions. The prime broker also plans to leverage Standard Chartered’s banking support as a gateway to additional products and services that would appeal to institutional clients, such as asset managers, hedge funds, token issuers, and payment platforms. Standard Chartered has already established a strong presence in the crypto industry as the majority shareholder of digital asset custodian Zodia Custody and its exchange arm, Zodia Markets.