Institutional Crypto Infrastructure Expands with Standard Chartered and Coinbase Alliance

Standard Chartered and Coinbase have expanded their partnership to build crypto infrastructure for institutional clients. The duo will explore offerings across trading, prime services, custody, staking, and lending, as announced by the British multinational bank on Friday.

Margaret Harwood-Jones, global head of financing and securities services at Standard Chartered, stated that the aim is to support secure, transparent, and interoperable solutions that meet the highest standards of security and compliance.

This partnership combines Standard Chartered's cross-border banking and custody expertise with Coinbase's institutional crypto platform. The goal is to develop an integrated suite of services that allows institutions to trade and manage digital assets within a secure and compliant framework.

This announcement builds on an existing relationship in Singapore, where Standard Chartered provides banking connectivity for Coinbase, facilitating real-time Singapore dollar transfers for the exchange's customers.

Additionally, Coinbase is set to announce new products next week, which could include prediction markets and tokenized stocks. Relatedly, the U.S. Office of the Comptroller of the Currency recently conditionally approved national trust bank charter applications for five companies linked to the digital asset sector, including BitGo, Fidelity Digital Assets, and Paxos, as well as new applicants Circle and Ripple.