Coinbase and Standard Chartered announced that they are partnering up again to create the infrastructure of crypto for institutions. Their collaboration provides trading, custody, and financing services for institutional clients. This is one of the steps that traditional finance is taking to get closer to the world of crypto assets.
Their collaboration is based on Standard Chartered having long been a bank and custodian across borders and Coinbase being an institutional crypto platform. So these combined services will empower institutions to be able to trade and man digital assets in a secure and compliant regime. They are targeted at reaching the highest levels of security and compliance.
Through introducing a new chapter of the relationship between the two in Singapore, they can declare Standard Chartered as the provider of banking connectivity to Coinbase. This actually translates to the fact that Singapore dollar transfers are the expeditious method of the Coinbase clientele. Last year also teamed with Standard Chartered to come up with global retail banking provision.
Also Read: Coinbase Enables Trading of All Solana Tokens Instantly
It is a lovely tale of how great tech infrastructure is built in institutions through the collaboration. The APIs and compliance-tools are used to bring the trading, custody, and generation of yields to one account. It is a holistic approach to the issues of the institution sector including security, transparency, and compliance with regulations.
Once this partnership has been made, more institutional investors can enter the crypto market. This is through offering a regulatory and secure environment, which are drawing institutional investors in the crypto market. Consequently, this collaboration is the seed that will ignite the fire of the fast-paced innovative and adoption of the crypto industry.
The US Office of the Comptroller of the Currency has conditionally approved trust bank charter applications at the national level for five entities that are digitally related. These changes will allow more institutions to be willing to engage with crypto assets.
Also Read: Coinbase Plans Launch of Prediction Markets and Tokenized Equities Next Week


