Standard Chartered, Coinbase expand cooperation on prime services for institutional digital assets

Standard Chartered and Coinbase are expanding cooperation on digital asset (cryptocurrency) services aimed at institutional investors.

On the 12th (Korea time), according to CoinDesk, Standard Chartered and Coinbase said they will jointly explore developing institutional digital asset solutions such as trading, prime services, custody, staking, and lending.

This cooperation is based on their Singapore business where they already collaborate. Standard Chartered provides a bank connectivity service in Singapore that enables real-time Singapore dollar (SGD) transfers for Coinbase customers.

Margaret Howd-Jones, head of Global Financing and Securities Services at Standard Chartered, said, "The two companies will examine together how they can support safe, transparent, and interoperable solutions that meet the highest levels of security and regulatory compliance."

Through this cooperation, the two companies plan to respond to increasing institutional demand in the digital asset market and strengthen the connection between traditional finance and digital asset infrastructure.