Cryptoforeign money change Coinbase (COIN) and crypto-friendly financial institution Standard Chartered (STAN) stated they expanded a partnership on digital belongings to discover the event of buying and selling, prime companies, custody, staking and lending merchandise for institutional purchasers.
The deal builds on the prevailing tie-up between the 2 corporations in Singapore, the place Standard Chartered offers banking connectivity that permits real-time Singapore greenback transfers for Coinbase’s prospects, in line with a press launch.
Coinbase is changing into extra of a trusted title amongst establishments, together with banks, as time goes on, not least with the current information that JPMorgan (JPM) introduced its JPM Coin deposit token to Base, the layer-2 blockchain of the U.S. change.
“We aim to explore how the two organisations can support secure, transparent and interoperable solutions that meet the highest standards of security and compliance,” Margaret Harwood-Jones, Standard Chartered’s world head of financing and securities companies, stated within the assertion.
