Standard Chartered and Coinbase Team Up to Build Institutional Crypto Rails

• Standard Chartered and Coinbase are expanding their existing partnership to build comprehensive crypto services for institutional clients.
• The collaboration will explore offerings like institutional trading, prime brokerage, custody, staking, and lending with a focus on security and compliance.
• The news reinforces Standard Chartered’s pro-crypto position, which recently projected tokenised real-world assets (RWAs) to exceed US$2 trillion by 2028.

Standard Chartered and Coinbase said on Friday they are expanding their partnership to provide crypto services for institutional clients. 

The firms said they will explore a wider set of services, including institutional trading, prime brokerage-style services, custody, staking and lending. Standard Chartered said the focus is on building systems that are secure, transparent, interoperable and compliant.

By combining Standard Chartered’s cross-border trading and custody expertise with Coinbase ’s advanced digital-asset capabilities and global market reach, we aim to explore how the two organisations can support secure, transparent and interoperable solutions that meet the highest standards of security and compliance.

Margaret Harwood-Jones, Global Head, Financing & Securities Services, Standard Chartered

Related: From Taboo to Ticker Tape: Satoshi Nakamoto Appears on Wall Street

SC Deepens Into Crypto 

Standard Chartered is a popular pro-crypto British bank with a lot of exposure to crypto assets. The bank recently projected tokenised real-world assets to reach over US$2 trillion (AU$3.1 trillion) by 2028.

It was actually the first major global bank to offer deliverable crypto trades for institutional clients.

This new deal builds on the bank’s existing work in Singapore, where Standard Chartered already provides banking connectivity for Coinbase, including real-time Singapore dollar transfers.

The bank has also been working with other crypto platforms. Last year, Crypto.com partnered with Standard Chartered on retail banking services that let users in more than 90 countries deposit and withdraw in major currencies through the Crypto.com app.

Coinbase separately said it plans to announce new products next week, which could include prediction markets and tokenised stocks.

Also on Friday, the US Office of the Comptroller of the Currency conditionally approved national trust bank charter applications for five digital-asset-linked firms: BitGo, Fidelity Digital Assets and Paxos, which plan to convert existing state-chartered trust companies, and new applicants Circle and Ripple.

Read more: Do Kwon Sentenced to 15 Years Over Terraform Collapse

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