FalconX, a leading digital asset prime broker, and Standard Chartered, a global banking giant, have announced a strategic partnership focused on delivering enhanced crypto services to institutional investors. The collaboration will initially launch in Singapore, with plans to expand across Asia, the Middle East, and the United States.
This partnership aims to improve efficiency, reliability, and speed of cross-border fiat and crypto settlements by leveraging FalconX's expertise in digital asset markets combined with Standard Chartered's extensive banking, foreign exchange, and currency services.
Matt Long, General Manager of APAC & Middle East at FalconX, highlighted the significance of this collaboration in supporting major institutional clients such as asset managers, sovereign wealth funds, hedge funds, and family offices. The improved capital efficiency and reduced operational risks are expected to facilitate seamless crypto trading and financing.
Standard Chartered has set ambitious market forecasts, predicting the global crypto market could reach a valuation of $10 trillion by 2026. Moreover, their analysts forecast Bitcoin's price to surge substantially, with targets as high as $200,000 by the end of 2025, driven by institutional adoption, asset reallocation, and whale accumulation.
The collaboration also aligns with broader strategic efforts, including Standard Chartered's recent crypto collateral project with OKX and Franklin Templeton. These initiatives cater to institutional demand for secure and regulated crypto-backed trading avenues and reinforce Standard Chartered's growing role in the digital asset ecosystem.
Overall, the FalconX and Standard Chartered partnership represents a significant step toward mainstreaming crypto adoption in institutional finance through improved infrastructure and global reach.