The parties said that over time, more products and services will be rolled out for clients such as asset managers, hedge funds, payment platforms and token issuers.

FalconX, an institutional digital asset prime broker, is partnering with Standard Chartered – a sign of how the mainstream world of banking and finance is continuing to absorb digital assets.

In the first phase of the arrangement, UK-listed Standard Chartered will provide a suite of banking services to FalconX globally. Over time, more offerings and mutual opportunities will arise, FalconX said in a statement yesterday.

FalconX will initially integrate the lender’s banking infrastructure and access to currency pairs. This will enhance the speed, scale, and reliability of cross-border settlement for its institutional client base, the statement said.

Over time, the partnership will add products and services for clients such as asset managers, hedge funds, token issuers, and payment platforms.

FalconX is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC, Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management, and Wellington Management. It has offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore, and Valletta.