The crypto prime broker will integrate Standard Chartered’s banking services.
FalconX had completed over $1.5 trillion in trading volume by the end of 2023.
FalconX, a crypto prime broker, has formed a strategic partnership with global lender Standard Chartered to enhance its offerings for institutional clients. The partnership, announced today (Wednesday), highlights the increasing demand for digital assets.
Providing Banking Infrastructure
“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,” said Luke Boland, Head of Fintech, ASEAN, South Asia & GCNA at Standard Chartered.
Luke Boland, Head of Fintech, ASEAN, South Asia & GCNA at Standard Chartered (photo: LinkedIn)
Under the partnership, the bank will provide a comprehensive suite of banking services to FalconX globally. In addition, the crypto prime broker will integrate Standard Chartered’s infrastructure and gain access to an extensive range of currency pairs for cross-border settlements for its institutional client base.
The Growing Demand for Crypto Prime Brokers
Prime brokers play a key role in financial markets, including the expanding crypto sector, by offering a range of services such as trading, custody, and lending to major institutions like hedge funds, banks, and private equity firms.
Banks are major players in the prime brokerage space. However, when it comes to crypto, they have been hesitant to act as prime brokers due to regulatory uncertainty, market volatility, and concerns around custody and compliance. This gap has supported the rise of crypto-specific prime brokers.
Last month, Ripple agreed to acquire Hidden Road, another crypto prime broker, for $1.25 billion. According to Hidden Road’s International CEO, Michael Higgins, the deal was “pretty organic” as “Ripple was well known to Hidden Road as a customer. Hidden Road was known to members of the Ripple management team. There was a natural relationship between our firms.”
Matt Long, General Manager, APAC & Middle East at FalconX (photo: FalconX)
FalconX, backed by GIC, is a leading crypto prime broker with an $8 billion valuation. It reported record growth in Q2 2024, with revenue increasing 2.5 times compared to the same period in 2023. According to its website, FalconX had completed over $1.5 trillion in trading volume by the end of 2023 and served more than 600 institutional clients.
“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 provide robust banking and FX solutions to clients who rely on us to operate in crypto markets,” added Matt Long, General Manager, APAC & Middle East at FalconX.
FalconX, a crypto prime broker, has formed a strategic partnership with global lender Standard Chartered to enhance its offerings for institutional clients. The partnership, announced today (Wednesday), highlights the increasing demand for digital assets.
Providing Banking Infrastructure
“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,” said Luke Boland, Head of Fintech, ASEAN, South Asia & GCNA at Standard Chartered.
Luke Boland, Head of Fintech, ASEAN, South Asia & GCNA at Standard Chartered (photo: LinkedIn)
Under the partnership, the bank will provide a comprehensive suite of banking services to FalconX globally. In addition, the crypto prime broker will integrate Standard Chartered’s infrastructure and gain access to an extensive range of currency pairs for cross-border settlements for its institutional client base.
The Growing Demand for Crypto Prime Brokers
Prime brokers play a key role in financial markets, including the expanding crypto sector, by offering a range of services such as trading, custody, and lending to major institutions like hedge funds, banks, and private equity firms.
Banks are major players in the prime brokerage space. However, when it comes to crypto, they have been hesitant to act as prime brokers due to regulatory uncertainty, market volatility, and concerns around custody and compliance. This gap has supported the rise of crypto-specific prime brokers.
Last month, Ripple agreed to acquire Hidden Road, another crypto prime broker, for $1.25 billion. According to Hidden Road’s International CEO, Michael Higgins, the deal was “pretty organic” as “Ripple was well known to Hidden Road as a customer. Hidden Road was known to members of the Ripple management team. There was a natural relationship between our firms.”
Matt Long, General Manager, APAC & Middle East at FalconX (photo: FalconX)
FalconX, backed by GIC, is a leading crypto prime broker with an $8 billion valuation. It reported record growth in Q2 2024, with revenue increasing 2.5 times compared to the same period in 2023. According to its website, FalconX had completed over $1.5 trillion in trading volume by the end of 2023 and served more than 600 institutional clients.
“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 provide robust banking and FX solutions to clients who rely on us to operate in crypto markets,” added Matt Long, General Manager, APAC & Middle East at FalconX.
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
Virtu Financial Ireland Gets MiCA Approval and CASP License for EU Crypto Services
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This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
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-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
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Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
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-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
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Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
Most market post-mortems describe what happened to prices. Few describe what happened in the trading room while the position was open: the entry conviction, the moments that tested it, and the exit decision that closed the book.
This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
-Insight into how timing, execution quality, and market structure shaped the final result
-Perspective on what the trade revealed about edge, risk tolerance, and when to hold through a position moving against you
-Clarity on what separates a well-built trade from a well-timed one
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This session brings one seasoned trader to the stage for an unfiltered account of the position that still defines how they think about markets.
Attendees will walk away with:
-A first-hand account of how a conviction trade is built, from thesis and entry through position management and exit
-Understanding of what turns a market observation into a live position, and what holds it when conditions shift
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-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
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-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
As crypto and CFD trading continue to expand across Africa, access to advanced tools and market insights remains uneven. This session explores how AI and blockchain can bridge that gap by empowering informal traders and underserved communities to participate more effectively in digital financial markets. The discussion will focus on practical applications of technology to improve accessibility, education, and investment outcomes in both formal and informal sectors.
In this discussion, we will explore:
-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
As crypto and CFD trading continue to expand across Africa, access to advanced tools and market insights remains uneven. This session explores how AI and blockchain can bridge that gap by empowering informal traders and underserved communities to participate more effectively in digital financial markets. The discussion will focus on practical applications of technology to improve accessibility, education, and investment outcomes in both formal and informal sectors.
In this discussion, we will explore:
-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
As crypto and CFD trading continue to expand across Africa, access to advanced tools and market insights remains uneven. This session explores how AI and blockchain can bridge that gap by empowering informal traders and underserved communities to participate more effectively in digital financial markets. The discussion will focus on practical applications of technology to improve accessibility, education, and investment outcomes in both formal and informal sectors.
In this discussion, we will explore:
-The role of AI in democratizing access to trading tools, insights, and strategy development
-How crypto and blockchain can enable broader participation beyond traditional financial systems
-Addressing access barriers: infrastructure, education, and affordability in underserved communities
-Opportunities for brokers and platforms to tap into the informal trading economy
