Standard Chartered (STAN) will provide banking services for Falconx to enhance cross-border settlement

Standard Chartered (STAN) now provides banking services for institutional prime broker Falconx.

San Mateo, California-headquartered broker will access a range of currency pairs, which helps to enhance the speed and reliability of cross-border settlement, Falconx said in an announcement on Wednesday.

Brokers are an important COG in financial markets, providing financing, trading services and caution in large institutions.

Falconx aspires to bridge the gap between traditional finances and cryptocurrency by bringing its services to the level that one can find at a tradfi institution.

The chief broker also plans to use Standard Chartered banking support as a gateway to other products and services that will attract institutional clients, such as asset managers, fence funds, tokens and payment platforms.

The standard chartered already has a foot that is firmly at the door of the crypto industry as the majority of the shareholder of the digital asset custodian zodia custody and the zodia market exchange.

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