Latest news with #MattLong
Business Mayor
15-05-2025
- Business
- Business Mayor
Standard Chartered Bank Signs Partnership With Digital Asset Broker FalconX
Digital asset broker FalconX has announced a strategic partnership with British multinational bank Standard Chartered to enhance services for institutional clients. In the first phase of the partnership, Standard Chartered will offer a range of banking and foreign exchange (FX) services to FalconX, helping to improve the platform's ability to handle cross-border payments. Over time, this partnership will expand into other offerings and mutual opportunities, the company stated. By integrating Standard Chartered's banking infrastructure, FalconX will now have access to more currency pairs, making cross-border transactions faster and more reliable for clients. 'We are pleased to partner with Standard Chartered, one of the most forward-thinking global banks in digital asset adoption' said Matt Long, General Manager for APAC & Middle East at FalconX. 'At FalconX, we work with some of the world's largest institutions in the digital asset space, and this partnership will allow us to provide even better banking and FX solutions to clients who need to operate in the crypto world.' The partnership comes soon after recent comments from Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, who apologized for his earlier Bitcoin price target of $120,000. Kendrick now believes Bitcoin could surpass his initial forecast due to the growing institutional demand. He highlighted $5.3 billion in recent inflows to U.S. Bitcoin ETFs, a sign of increasing interest from large investors. Kendrick now expects Bitcoin to reach up to $200,000 by the end of the year. 'Our partnership with FalconX shows our commitment to advancing the digital asset ecosystem,' said Luke Boland, Head of Fintech at Standard Chartered. 'We're proud to provide the banking infrastructure that helps firms like FalconX offer world-class trading and financing solutions to institutional clients.'
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
Finextra
14-05-2025
- Business
- Finextra
Standard Chartered to provide full suite of banking services to FalconX
FalconX, the leading institutional digital asset prime broker, today announces a strategic partnership with Standard Chartered, a leading international cross-border banking group. 0 In the first phase of the partnership, Standard Chartered will provide a comprehensive suite of banking services to FalconX globally, further strengthening the platform's offerings for institutional clients. The engagement will expand to include a broader range of offerings and mutual opportunities. Through this collaboration, FalconX will initially integrate Standard Chartered's banking infrastructure and access to an extensive range of currency pairs, enhancing the speed, scale, and reliability of cross-border settlement for its institutional client base. This continues FalconX's efforts to bridge the gap between traditional finance and digital assets with enterprise-grade infrastructure. Matt Long, General Manager, APAC & Middle East at FalconX, commented: 'We are pleased to partner with Standard Chartered, one of the most forward-thinking global banks in digital asset adoption. At FalconX, we support trading and financing for some of the world's largest institutions in digital asset markets, and this relationship strengthens our ability to deliver robust banking and FX solutions to clients who rely on us to operate in crypto markets.' As FalconX continues to grow its global footprint, the partnership is expected to expand beyond banking into additional products and services tailored to the evolving needs of FalconX's and Standard Chartered's institutional clients — including asset managers, hedge funds, token issuers, and payment platforms. Luke Boland, Head of Fintech, ASEAN, South Asia & GCNA at Standard Chartered, added: 'Our collaboration with FalconX underscores our commitment to advancing the digital asset ecosystem. As institutional demand for digital assets continues to grow, we're proud to provide the banking infrastructure that enables firms like FalconX to deliver world-class trading and financing solutions to institutional clients.'
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
Zawya
14-05-2025
- Business
- Zawya
Crypto platform FalconX partners with Standard Chartered
HONG KONG - 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. "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 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 $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. (Reporting by Summer Zhen; Editing by Jamie Freed)
