Cryptocurrency exchange Coinbase (COIN) and crypto bank Standard Chartered (STAN) said they have expanded a partnership on digital assets to explore the development of trading products, core services, custody, staking and lending for institutional clients.
The agreement builds on the existing link between the two companies in Singapore, where Standard Chartered provides banking connectivity that enables real-time Singapore dollar transfers for Coinbase customers, according to a press release.
Coinbase is becoming an increasingly trusted name among institutions, including banks, as time goes on, especially with the recent news that JPMorgan (JPM) brought its JPM Coin deposit token to Base, the US exchange’s Layer 2 blockchain.
“Our goal is to explore how the two organizations can support secure, transparent and interoperable solutions that meet the highest standards of security and compliance,” Margaret Harwood-Jones, global head of financial and securities services at Standard Chartered, said in the statement.
