Standard Chartered and Coinbase Enhance Partnership for Institutional Crypto Solutions

Standard Chartered and Coinbase have strengthened their partnership to create crypto infrastructure for institutional clients.

As part of this collaboration, the two will investigate offerings related to trading, prime services, custody, staking, and lending, as the British multinational bank announced on Friday.

“We aspire to explore how both organizations can provide secure, transparent, and interoperable solutions that adhere to the highest standards of security and compliance,” said Margaret Harwood-Jones, global head of financing and securities services at Standard Chartered.

The partnership combines Standard Chartered’s expertise in cross-border banking and custody with Coinbase’s institutional crypto platform. The aim is to devise an integrated suite of services enabling institutions to trade and manage digital assets securely and in compliance with regulations.

Related: Coinbase opens Solana DEX access as CeFi and DeFi converge

Standard Chartered, Coinbase build on Singapore partnership

This announcement builds on an existing collaboration in Singapore, where Standard Chartered currently facilitates banking connectivity for Coinbase, allowing real-time Singapore dollar transfers for the exchange’s customers.

Last year, Crypto.com also teamed up with Standard Chartered to launch global retail banking services, allowing users in over 90 countries to deposit and withdraw US dollars, euros, and UAE dirhams via its app.

In addition, Coinbase plans to announce new products next week, which may include prediction markets and tokenized stocks.

Related: Pantera, Coinbase back Surf’s $15M push to build crypto-native AI models

Bank regulator clears path for crypto trust banks

On Friday, the US Office of the Comptroller of the Currency conditionally approved national trust bank charter applications from five companies associated with the digital asset sector.