Standard Chartered Partners with FalconX to Provide Banking Services

Standard Chartered (STAN) is offering banking services to institutional prime broker FalconX. Key points include:

FalconX will utilize a variety of currency pairs to improve cross-border settlements.
The partnership aims to integrate traditional finance standards into cryptocurrency services.
FalconX intends to leverage Standard Chartered's banking support to attract institutional clients such as asset managers and hedge funds.
Standard Chartered has established a presence in the crypto sector as a majority shareholder of Zodia Custody and Zodia Markets.