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FalconX and Standard Chartered Team Up to Drag Institutional Crypto Into the Mainstream
FalconX and Standard Chartered Team Up to Drag Institutional Crypto Into the Mainstream
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Wall Street’s latest odd couple just inked a deal that’ll make TradFi brokers sweat into their bespoke suits. FalconX—the crypto prime brokerage that actually understands blockchain—is now holding hands with Standard Chartered, the 160-year-old banking dinosaur that somehow still has a pulse.
The Play
: SC’s institutional clients get ’safe’ exposure to crypto through FalconX’s trading infrastructure. Because nothing says ’risk management’ like outsourcing your digital asset desk to a firm that survived the 2022 carnage.
The Punchline
: Banks still can’t decide if crypto is a scam or their next revenue lifeline—so they’re renting credibility from the very startups they used to mock. The institutional FOMO is real, folks.
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