Standard Chartered deepened its partnership with Coinbase, with the move set to expand institutional digital asset collaboration.
Margaret Harwood-Jones
The parties are set to jointly explore the development of trading, prime services, custody, staking and lending solutions for institutional clients.
Standard Chartered is set to combine its expertise cross-border trading and custody capabilities as a cross-border bank with Coinbase’s digital asset institutional platform and global reach – developing a ‘comprehensive digital asset solution offering for institutional clients globally’.
Margaret Harwood-Jones, global head, financing and securities services, Standard Chartered, said: “Our role as a trusted international bank is to support clients as digital asset markets mature in a safe, responsible and well-governed way. Our growing relationship with Coinbase further strengthens our ability to develop secure and compliant digital asset solutions for institutional investors.
“[…] we aim to explore how the two organisations can support secure, transparent and interoperable solutions that meet the highest standards of security and compliance.”
Read more: Coinbase wins approval to offer federally regulated crypto futures trading to eligible US customers
Currently, the two parties have an existing partnership in Singapore, with Standard Chartered providing banking connectivity which enables real-time SGD transfers for Coinbase’s customers.
Brett Tejpaul, co-chief executive of Coinbase Institutional, highlighted that the move is set to provide a seamless and secure experience for trading and managing digital assets, adding: ”This partnership represents a significant step forward in delivering institutional-grade digital asset solutions […] Together, we are driving the evolution of the financial ecosystem and enabling institutions to unlock new opportunities in this rapidly growing market.”