Latest news with #LukeBoland
The Star
14-05-2025
- Business
- The Star
Crypto platform FalconX partners with StanChart
FalconX will leverage Standard Chartered's banking and foreign exchange services to support its institutional clients. — Reuters HONG KONG: Crypto prime broker FalconX and global bank Standard Chartered say they have formed a strategic partnership to serve institutional crypto investors. The partnership marks FalconX's first collaboration with a global traditional bank and suggests growing institutional demand for digital assets through traditional finance channels. FalconX will leverage Standard Chartered's banking and foreign exchange services – including its access to a wide range of currencies – to support its institutional clients, said Matt Long, FalconX's general manager of Asia Pacific & Middle East. 'Our clients will be able to engage more efficiently in fiat currencies settlements, which means a lot faster settlement, better capital efficiency and overall reduced operational risk,' he told Reuters. The California-based crypto-focused prime-brokerage services firm said its clients include some of the world's largest asset managers, sovereign wealth funds, hedge funds and family offices. Standard Chartered pointed to greater digital asset adoption by institutional clients as the driver for the partnership. Luke Boland, Asia head of financial technology at Standard Chartered, said the bank's collaboration with FalconX would begin in Singapore and later expand to other countries in Asia, the Middle East and the United States. The London-headquartered multinational bank has been expanding its digital asset business. Last year, the bank started a digital asset custody service in the United Arab Emirates. — Reuters
Business Times
14-05-2025
- Business
- Business Times
Crypto platform FalconX partners with Standard Chartered
[HONG KONG] Crypto prime broker FalconX and global bank Standard Chartered said on Wednesday (May 14) that they had formed a strategic partnership to serve institutional crypto investors. The partnership marks FalconX's first collaboration with a global traditional bank and suggests growing institutional demand for digital assets through traditional finance channels. FalconX will leverage Standard Chartered's banking and foreign exchange services – including its access to a wide range of currencies – to support its institutional clients, said Matt Long, FalconX's general manager of Apac & Middle East. 'Our clients will be able to engage more efficiently in fiat currencies settlements, which means a lot faster settlement, better capital efficiency and overall reduced operational risk,' he said. The California-based crypto-focused prime-brokerage services firm said its clients include some of the world's largest asset managers, sovereign wealth funds, hedge funds and family offices. Standard Chartered pointed to greater digital asset adoption by institutional clients as the driver for the partnership. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Luke Boland, Asia head of fintech at Standard Chartered, said the bank's collaboration with FalconX would begin in Singapore and later expand to other countries in Asia, the Middle East and the United States. The London-headquartered multinational bank has been expanding its digital asset business. Last year, the bank started a digital asset custody service in the United Arab Emirates. In April, it partnered with digital exchange OKX to enable institutional clients to use cryptocurrencies as collateral. The global cryptocurrency market surpassed US$3 trillion in market value in November following the election of crypto-friendly Donald Trump as US president, fuelling expectations of a golden era for digital assets. Standard Chartered expects the overall value of digital assets to reach US$10 trillion by 2026. Founded in 2018, FalconX was last valued at US$8 billion following a US$150 million funding round in 2022. It is backed by investors including Wellington Management, Singapore sovereign wealth fund GIC and Tiger Global Management. REUTERS
Time of India
14-05-2025
- Business
- Time of India
Crypto platform FalconX partners with Standard Chartered
Crypto prime broker FalconX and global bank Standard Chartered said on Wednesday they had formed a strategic partnership to serve institutional crypto investors. The partnership marks FalconX's first collaboration with a global traditional bank and suggests growing institutional demand for digital assets through traditional finance channels. FalconX will leverage Standard Chartered's banking and foreign exchange services - including its access to a wide range of currencies - to support its institutional clients, said Matt Long, FalconX's general manager of APAC & Middle East. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Überraschender Trick gegen geschwollene Knöchel entdeckt Venen Kompass Weiterlesen Undo "Our clients will be able to engage more efficiently in fiat currencies settlements, which means a lot faster settlement, better capital efficiency and overall reduced operational risk," he told Reuters. The California-based crypto-focused prime-brokerage services firm said its clients include some of the world's largest asset managers, sovereign wealth funds, hedge funds and family offices. Live Events Standard Chartered pointed to greater digital asset adoption by institutional clients as the driver for the partnership. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories Luke Boland, Asia head of fintech at Standard Chartered, said the bank's collaboration with FalconX would begin in Singapore and later expand to other countries in Asia, the Middle East and the United States. The Hong Kong-headquartered multinational bank has been expanding its digital asset business. Last year, the bank started a digital asset custody service in the United Arab Emirates. In April, it partnered with digital exchange OKX to enable institutional clients to use cryptocurrencies as collateral. The global cryptocurrency market surpassed $3 trillion in market value in November following the election of crypto-friendly Donald Trump as U.S. president, fuelling expectations of a golden era for digital assets. Standard Chartered expects the overall value of digital assets to reach $10 trillion by 2026. Founded in 2018, FalconX was last valued at $8 billion following a $150 million funding round in 2022. It is backed by investors including Wellington Management, Singapore sovereign wealth fund GIC and Tiger Global Management.
