Standard Chartered, Coinbase expand institutional crypto pact
Standard Chartered and Coinbase have expanded their collaboration to develop trading, custody and financing solutions for institutional clients in the digital asset sector, according to a Friday announcement from the British multinational bank. The initiative will assess potential offerings across trading, prime services, custody, staking and lending.
Margaret Harwood-Jones, global head of financing and securities services at Standard Chartered, said the companies intend to pursue secure, transparent and interoperable solutions that align with rigorous security and compliance requirements. The partnership combines Standard Chartered’s cross-border banking and custody capabilities with Coinbase’s institutional platform to build an integrated suite of services for institutions to trade and manage digital assets within a compliant framework.
Standard Chartered and Coinbase extend Singapore collaboration
The announcement builds on an existing relationship in Singapore, where Standard Chartered provides banking connectivity for Coinbase, enabling real-time Singapore dollar transfers for the exchange’s customers. In 2023, Crypto.com also partnered with Standard Chartered to launch global retail banking services that allow users in more than 90 countries to deposit and withdraw U.S. dollars, euros and UAE dirhams through its app. Meanwhile, Coinbase is expected to introduce new products next week that could include prediction markets and tokenized stocks.
U.S. bank regulator opens path for crypto trust banks
On Friday, the U.S. Office of the Comptroller of the Currency conditionally approved national trust bank charter applications for five companies connected to the digital asset industry. The approvals cover BitGo, Fidelity Digital Assets and Paxos, which intend to convert existing state-chartered trust companies into national trust banks, along with new applicants Circle and Ripple.
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