Falconx chooses Standard Chartered to enhance a bridge between tradfi and cryptocurrencies

By Canuto

Standard Chartered will provide bank services to Falconx, the main Crypto institutional corridor. It will provide faster and more reliable cross -border settlements for large actors in the financial ecosystem, even more traditional finances to cryptocurrencies.

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• Standard Chartered will provide bank services to Falconx to optimize international settlements.
• The collaboration will give Falconx access to a wide range of currency pairs and banking services.
• The objective is to close the gap between traditional financial services and cryptocurrencies.
• The initiative aims to attract institutional clients.

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Standard Charteredone of the largest banks and with the greatest international presence, has taken a strategic step by becoming an official provider of banking services for Falconxan institutional cryptocurrency broker based in California, USA.

In a press release on Wednesday, companies reported that collaboration will allow Falconx Have access to a wide variety of currency pairs, reinforcing the speed and reliability of cross -border settlements.

This improvement in infrastructure positions the cryptocurrency company a step closer to the capacities and services than traditional financial institutions, known as Tradfi, can offer.

Founded in 2018, Falconx Play a leading role when intermediate operations and offer trading, financing and custody solutions to large -caliber institutional actors. Has executed more than USD $ 1.5 billion in volume of operations, according to its website, and has the support of investors such as Accel, American Express Ventures, GIC and Tiger Global Management.

Falconx reinforces its bridge between tradfi and cryptocurrencies

The main objective of this alliance is to close the gap between traditional financial services and cryptocurrency solutions, carrying the standard of attention and robustness to those who seek to operate in both worlds, in the words of the company.

“We are pleased to associate with Standard Chartered, one of the most progressive global banks in the adoption of digital assets. In Falconx, we support the trade and financing of some of the world’s largest institutions in digital asset markets, and this relationship strengthens our ability to offer solid banking and FX solutions to customers who trust us to operate in cryptocurrency markets“He said Matt LongGeneral manager, Apac and Middle East in Falconx.

Corridors are large intermediaries that represent a fundamental pillar for the proper functioning and liquidity of international markets. They provide financing, trading capabilities and custody solutions adapted to the needs of financial institutions, coverage funds and tokens emitters.

In this scenario, Falconx It seeks to establish itself as a bridge between asset management companies, payment platforms and other institutional players, bringing the possibilities of the traditional economy to the growth and efficiency opportunities of the crypto universe.

The participation of Standard Chartered grants the business of Falconx A first -level structure and support, eliminating technical barriers that previously delayed or complicated the international liquidation of digital assets.

Standard Chartered underlines its commitment to crypto

Standard Chartered It is not new in the crypto field. The banking entity is greater shareholder of Zodia custodya custody service provider for digital assets, and its exchange arm, Zodia Markets.

“Our collaboration with Falconx underlines our commitment to advance in the digital asset ecosystem ”he said Luke BolandFintech head, asean, South Asia & Gcna in Standard Charteredpointing out the growing institutional demand.

According to reviewed sources, Falconx expects to use bank support from Standard Chartered as a entrance door to an even wider range of products and services for its institutional customers. Among the potential beneficiaries are fund managers, tokens issuers and platforms oriented to international payments.

According to a report of Reuters, The collaboration will begin its expansion in Singapore and then expand its presence to other Asian markets, Middle East and the United States.

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Article written with the help of AI, edited by Hannah Pérez / Diariobitcoin

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