Standard Chartered and Coinbase Enhance Partnership for Institutional Cryptocurrency Services

Standard Chartered and Coinbase have deepened their alliance to establish a crypto infrastructure for institutional clients.

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

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

The collaboration merges Standard Chartered’s expertise in cross-border banking and custody with Coinbase’s institutional crypto platform, aiming to create a comprehensive suite of services for institutions to trade and manage digital assets within a secure and compliant framework.

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

Standard Chartered, Coinbase expand Singapore partnership

This announcement further develops an existing collaboration in Singapore, where Standard Chartered already facilitates banking connectivity for Coinbase, allowing real-time Singapore dollar transfers for customers of the exchange.

Last year, Crypto.com forged a partnership with Standard Chartered to introduce global retail banking services, enabling users in over 90 countries to deposit and withdraw US dollars, euros, and UAE dirhams via its app.

Additionally, Coinbase plans to unveil new products next week, potentially including prediction markets and tokenized stocks.

Related: Pantera, Coinbase support Surf’s $15M initiative to develop crypto-native AI models

Bank regulator approves framework for crypto trust banks

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