Standard Chartered and Coinbase Broaden Institutional Cryptocurrency Partnership

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

Through this partnership, they will investigate offerings in trading, prime services, custody, staking, and lending, as announced by the British multinational bank on Friday.

“Our goal is to see how both organizations can facilitate 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 integrates Standard Chartered’s cross-border banking and custody expertise with Coinbase’s institutional crypto platform, aiming to create a comprehensive suite of services for institutions to trade and manage digital assets securely and compliantly.

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

Standard Chartered, Coinbase expand Singapore partnership

This announcement enhances their existing collaboration in Singapore, where Standard Chartered offers banking connectivity for Coinbase, allowing real-time Singapore dollar transfers for its customers.

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

Next week, Coinbase is expected to unveil new products, potentially including prediction markets and tokenized stocks.

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

Bank regulator greenlights crypto trust banks

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