Standard Chartered, Coinbase Expand Institutional Crypto Deal

Standard Chartered and Coinbase have expanded their partnership to construct crypto infrastructure for institutional shoppers.

As a part of the partnership, the duo will discover choices throughout buying and selling, prime companies, custody, staking and lending, the British multinational financial institution announced on Friday.

“We intention to discover how the 2 organisations can help safe, clear and interoperable options that meet the best requirements of safety and compliance,” Margaret Harwood-Jones, international head of financing and securities companies at Standard Chartered, mentioned.

The 2 companies mentioned the partnership combines Standard Chartered’s cross-border banking and custody experience with Coinbase’s institutional crypto platform. The purpose is to develop an built-in suite of companies that permits establishments to commerce and handle digital belongings inside a safe and compliant framework.

Associated: Coinbase opens Solana DEX access as CeFi and DeFi converge

Standard Chartered, Coinbase construct on Singapore partnership

The announcement builds on an present relationship in Singapore, the place Standard Chartered already supplies banking connectivity for Coinbase, enabling real-time Singapore greenback transfers for the change’s prospects.

Final yr, Crypto.com additionally partnered with Standard Chartered to roll out international retail banking companies that enable customers in additional than 90 nations to deposit and withdraw US {dollars}, euros and UAE dirhams by means of its app.

In the meantime, Coinbase is set to announce new products subsequent week that might embrace prediction markets and tokenized shares.

Associated: Pantera, Coinbase back Surf’s $15M push to build crypto-native AI models

Financial institution regulator clears path for crypto belief banks

On Friday, the US Workplace of the Comptroller of the Forex conditionally approved national trust bank constitution functions for 5 firms linked to the digital asset sector.