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Digital asset broker FalconX<\/a> has announced<\/a> a strategic partnership with British multinational bank Standard Chartered<\/a> to enhance services for institutional clients.\u00a0<\/p>\n In the first phase of the partnership, Standard Chartered will offer a range of banking and foreign exchange (FX) services to FalconX, helping to improve the platform\u2019s ability to handle cross-border payments. Over time, this partnership will expand into other offerings and mutual opportunities, the company stated.<\/p>\n By integrating Standard Chartered\u2019s banking infrastructure, FalconX will now have access to more currency pairs, making cross-border transactions faster and more reliable for clients.\u00a0<\/p>\n \u201cWe are pleased to partner with Standard Chartered, one of the most forward-thinking global banks in digital asset adoption\u201d said Matt Long, General Manager for APAC & Middle East at FalconX. \u201cAt FalconX, we work with some of the world\u2019s largest institutions in the digital asset space, and this partnership will allow us to provide even better banking and FX solutions to clients who need to operate in the crypto world.\u201d<\/p>\n The partnership comes soon after recent comments from Geoffrey Kendrick, Head of Digital Assets Research at Standard Chartered, who apologized for his earlier Bitcoin price target of $120,000<\/a>. Kendrick now believes Bitcoin could surpass his initial forecast due to the growing institutional demand<\/a>. He highlighted $5.3 billion in recent inflows to U.S. Bitcoin ETFs, a sign of increasing interest from large investors. Kendrick now expects Bitcoin to reach up to $200,000 by the end of the year.\u00a0<\/p>\n \u201cOur partnership with FalconX shows our commitment to advancing the digital asset ecosystem,\u201d said Luke Boland, Head of Fintech at Standard Chartered. \u201cWe\u2019re proud to provide the banking infrastructure that helps firms like FalconX offer world-class trading and financing solutions to institutional clients.\u201d<\/p>\n<\/p><\/div>\n<\/div>\n