Both FalconX and Standard Chartered are committed to addressing regulatory needs and plan to expand their capabilities over time to meet the evolving demands of institutional clients.

Digital asset broker FalconX has announced a partnership with British multinational bank Standard Chartered to enhance services for institutional clients in the cryptocurrency market.

Matt Long, General Manager for APAC & Middle East at FalconX, expressed enthusiasm for the collaboration, highlighting its potential to strengthen their offerings in the crypto sector.

Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, recently updated his Bitcoin price forecast, suggesting that the previous target of $120,000 may be too conservative.

Kendrick's revised prediction now anticipates Bitcoin could potentially reach $200,000 by the end of 2025, following a significant increase in institutional interest.

Luke Boland, Head of Fintech for ASEAN, South Asia, and GCNA at Standard Chartered, emphasized the growing need for stable banking solutions and global settlement technology as institutions increasingly explore crypto assets.

This partnership aligns with industry expectations that banks will significantly push into Bitcoin by the latter half of 2025, driven by favorable regulatory changes.

He cited $5.3 billion in inflows to U.S. Bitcoin ETFs as evidence of this growing institutional interest in the cryptocurrency market.

The joint services from FalconX and Standard Chartered will cater to a diverse clientele, including asset managers, hedge funds, token issuers, and payment platforms.

Experts believe this partnership could pave the way for more collaborations between traditional financial institutions and digital asset firms as regulations evolve, fostering a more cohesive digital financial marketplace.

Standard Chartered has a long-standing interest in the cryptocurrency industry, having made a strategic investment in Ripple back in 2016 and being the majority shareholder of digital asset custodian Zodia Custody.

As of the partnership announcement, Bitcoin is priced at approximately $103,652, reflecting a 0.94% increase in the last 24 hours and an 11.13% rise year-to-date.