Standard Chartered and Coinbase are expanding their partnership to explore new digital asset services for institutional clients.
The two companies said the collaboration will explore the development of trading, prime services, custody, staking and lending solutions for institutions.
They said the partnership aims to develop a comprehensive digital asset solution for institutional clients globally.
The collaboration will combine Standard Chartered’s cross-border banking and digital asset innovation capabilities, supported by a rigorous risk management framework, with Coinbase’s institutional digital asset platform.
The goal is to provide institutions with a seamless and secure way to trade and manage digital assets.
The expanded partnership builds on the companies’ existing relationship in Singapore, where Standard Chartered provides banking connectivity that enables real-time Singapore dollar transfers for Coinbase customers.
Margaret Harwood-Jones, Global Head, Financing & Securities Services, Standard Chartered said,
“Our growing relationship with Coinbase further strengthens our ability to develop secure and compliant digital asset solutions for institutional investors.
By combining Standard Chartered’s cross-border trading and custody expertise with Coinbase ’s advanced digital-asset capabilities and global market reach, we aim to explore how the two organisations can support secure, transparent and interoperable solutions that meet the highest standards of security and compliance.”
Brett Tejpaul, Co-CEO, Coinbase Institutional said,
“By leveraging Standard Chartered’s global banking expertise and Coinbase’s leadership in the digital asset space, we are creating a secure and seamless framework for institutions to access and manage digital assets with confidence.
Together, we are driving the evolution of the financial ecosystem and enabling institutions to unlock new opportunities in this rapidly growing market.”
Featured image: Edited by Fintech News Singapore, based on image by user23413193 via Freepik
