Cryptocurrency exchange Coinbase (COIN) and crypto-friendly bank Standard Chartered (STAN) have announced that they will expand their partnership on digital assets and explore the development of trading, prime services, custody, staking and lending products for institutional investors.
According to a press release, the agreement builds on the companies’ existing partnership in Singapore, with Standard Chartered providing bank connectivity to Coinbase customers to enable real-time Singapore dollar transfers.
Over time, Coinbase has become an increasingly trusted name among institutions, including banks. In particular, there is recent news that JPMorgan (JPM) has introduced JPM Coin deposit tokens to Base, a layer 2 blockchain on US exchanges.
“We aim to explore how both organizations can support secure, transparent and interoperable solutions that meet the highest standards of security and compliance,” Margaret Harwood-Jones, Standard Chartered’s global head of financial and securities services, said in a statement.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
