Standard Chartered T...

Standard Chartered Teams Up with FalconX to Power Crypto Institutions

By José Oramas May 15, 2025 In Cryptocurrency

FalconX has partnered with Standard Chartered, marking its first deal with a global bank. The partnership will provide FalconX clients with fiat rails, FX support, and broader banking services.
The move signals Standard Chartered’s growing push into crypto post-Trump’s re-election, aligning with rising demand from institutions like hedge funds and asset managers for digital asset infrastructure.

Crypto prime broker FalconX has secured its first partnership with a global bank, teaming up with Standard Chartered, which will deliver fiat and FX support to institutional digital asset clients.

As stated, the deal will see Standard Chartered deliver core banking infrastructure to FalconX’s global client base, including access to fiat rails and currency pairs tailored to institutional trading needs. However, both firms signalled plans to roll out additional services as demand from hedge funds, asset managers, token issuers, and payment platforms continues to rise, according to the announcement.

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.

Matt Long, FalconX’s General Manager, APAC & Middle East

Since Trump’s return to office, Standard Chartered has deepened its crypto involvement—spurred not only by federal shifts but also by states like New Hampshire and Arizona launching Bitcoin reserves.

As Crypto News Australia reported, Standard Chartered is one of the many traditional banks considering plans to expand their crypto services, particularly in the US.

FalconX is a California-based crypto company founded in 2018, last valued at US$8B (AU$12.4B) following a US$150M (AU$232M) funding round in 2022. Its backers include Wellington Management, Tiger Global, and Singapore’s GIC.

Weird Months for FalconX

Despite the good news, it has been a sort of shaky year for FalconX so far, as the company saw a sharp shakeup in its executive ranks, with between 10 and 15 senior leaders departing in early 2025, according to multiple reports. The turnover includes high-level exits across compliance, legal, trading, and regional leadership.

No official reason… but plenty of theories. Speculation across industry circles points to a mix of internal friction and external pressures, including strategic disagreements following rapid expansion (the company nearly doubled headcount in 2024) as well as “cultural misalignment” in a firm scaling faster than its foundations.