Standard Chartered and Coinbase have expanded their partnership to build crypto infrastructure tailored for institutional investors, strengthening collaboration between traditional banking and digital asset platforms.
Under the expanded agreement, the two companies will explore a broad range of services, including trading, prime brokerage, custody, staking, and lending, the UK-based multinational bank announced on Friday.
“We are focused on developing secure, transparent, and interoperable solutions that meet the highest standards of security and regulatory compliance,” said Margaret Harwood-Jones, global head of financing and securities services at Standard Chartered.
The partnership brings together Standard Chartered’s global banking, cross-border payments, and custody capabilities with Coinbase’s institutional crypto platform. Together, the firms aim to deliver an integrated set of services that enables institutions to trade, hold, and manage digital assets within a compliant framework.
Partnership builds on Singapore operations
The announcement builds on the companies’ existing relationship in Singapore, where Standard Chartered already provides banking connectivity for Coinbase. This setup allows Coinbase customers to make real-time transfers in Singapore dollars.
Standard Chartered has also been active in expanding crypto-related banking services. Last year, the bank partnered with Crypto.com to launch global retail banking solutions, enabling users in more than 90 countries to deposit and withdraw U.S. dollars, euros, and UAE dirhams through the Crypto.com app.
Meanwhile, Coinbase is expected to unveil new products next week, with reports suggesting potential launches could include prediction markets and tokenized stocks.
Regulatory developments support institutional crypto
In a separate development, the U.S. Office of the Comptroller of the Currency granted conditional approval on Friday for national trust bank charters to five digital asset-related companies.
The approvals include BitGo, Fidelity Digital Assets, and Paxos, which plan to convert existing state-chartered trust companies into national trust banks. New applicants Circle and Ripple were also included, signaling growing regulatory support for institutional crypto services.
