Standard Chartered and Coinbase expand their partnership to build crypto infrastructure for institutional customers.
As part of the partnership, the companies will explore services across trading, prime services, custody, staking and lending, the British multinational bank announced on Friday.
Margaret Harwood-Jones, Global Head of Financial and Securities Services at Standard Chartered, said: “We aim to explore how both organizations can support secure, transparent and interoperable solutions that meet the highest standards of security and compliance.”
The companies said the partnership will combine Standard Chartered’s cross-border banking and custody expertise with Coinbase’s institutional crypto platform. The goal is to develop an integrated suite of services that enables institutions to trade and manage digital assets within a secure and compliant framework.
Related: Coinbase opens Solana DEX access as CeFi and DeFi merge
Standard Chartered and Coinbase build on Singapore partnership
The announcement builds on existing relationships in Singapore, where Standard Chartered already provides banking connectivity to Coinbase, enabling real-time Singapore dollar transfers for the exchange’s customers.
Last year, Crypto.com also partnered with Standard Chartered to roll out a global retail banking service that allows users in over 90 countries to deposit and withdraw USD, EUR and UAE Dirham through the app.
Meanwhile, Coinbase is expected to announce new products next week that could include prediction markets and tokenized stocks.
Related: Pantera and Coinbase back Surf’s $15M effort to build crypto-native AI models
Banking regulators pave the way for crypto trust banks
On Friday, the U.S. Office of the Comptroller of the Currency conditionally approved the charter applications of five National Trust banks related to the digital asset sector.
The approval includes BitGo, Fidelity Digital Assets and Paxos, which plan to convert existing state-chartered trust companies into national trust banks, as well as new applicants Circle and Ripple.
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