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 is an electronics engineer-turned-financial editor. He entered the industry covering the cryptocurrency market for Finance Magnates and later expanded his reach to forex as well. He is passionate about the changing regulatory landscape on financial markets and keenly follows the disruptions in the industry with new-age technologies.
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Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
