According to online reports, Standard Chartered Bank announced a partnership with digital asset broker FalconX to provide institutional investors with more convenient cryptocurrency services. FalconX will leverage Standard Chartered's banking infrastructure and foreign exchange capabilities to first operate in Singapore and later expand to other regions of Asia, the Middle East and the United States. This cooperation is the first time that FalconX has established a partnership with a traditional global bank. Matt Long, general manager of FalconX Asia Pacific and Middle East, said this will enhance its ability to "provide robust banking and foreign exchange solutions to crypto market customers." Standard Chartered Bank has actively deployed the encryption field in recent years, including launching custody services in the United Arab Emirates and establishing digital asset subsidiaries in the European Union.