Banking giant Standard Chartered expanded its partnership with cryptocurrency exchange Coinbase to create global institutional digital asset solutions, including trading, custody, and lending services.
British multinational financial company Standard Chartered announced the expansion of its partnership with crypto exchange Coinbase in the digital assets space. Together, the companies plan to develop a range of products for institutional clients.
The expanded partnership leverages Standard Chartered’s international infrastructure and Coinbase’s technology platform, aiming to provide unified and secure access to digital asset operations for clients worldwide. In particular, the companies plan to jointly develop prime services, including:
- margin lending;
- custody solutions;
- clearing and settlement;
- access to major venues and liquidity aggregators;
- staking.
The initiative builds on the parties’ existing collaboration in Singapore, where Standard Chartered acts as a link to the banking infrastructure for Coinbase clients conducting transfers in Singapore dollars. The new agreement takes the partnership beyond a regional scope and is aimed at creating scalable global services with a high level of compliance and security.
According to Margaret Harwood-Jones, Global Head of Financing & Securities Services at Standard Chartered, strengthening the partnership with Coinbase will combine the bank’s expertise in cross-border trading and custody operations with the crypto exchange’s technological capabilities in building digital asset infrastructure.
Brett Tejpaul, Co-CEO of Coinbase Institutional, noted that deepening the relationship with Standard Chartered is a key step in expanding institutional access to digital assets. He also expressed hope that the partnership will help create infrastructure capable of supporting further growth in institutional participation in the market and accelerating the transformation of the financial ecosystem.
Standard Chartered is actively entering into partnerships with payment providers, FinTech companies, and crypto exchanges across various regions. For example, in collaboration with DCS Card Centre, stablecoin payments were launched in Singapore; together with Animoca Brands, the banking giant issued a licensed stablecoin pegged to the Hong Kong dollar; and in partnership with FalconX, it created a liquid environment for professional digital asset trading. The corporation is also testing settlements for tokenized assets, launched crypto custody services in Europe, and obtained a license to provide crypto custody services in Dubai.
