Standard Chartered, Coinbase deepen alliance to build institutional crypto infrastructure

cointelegraphPubblicato 2025-12-14Pubblicato ultima volta 2025-12-14

Introduzione

Standard Chartered and Coinbase have expanded their partnership to build crypto infrastructure for institutional clients. The collaboration will explore offerings across trading, prime services, custody, staking, and lending. The partnership combines Standard Chartered’s banking and custody expertise with Coinbase’s institutional crypto platform to develop secure, compliant digital asset services. This builds on their existing relationship in Singapore, where Standard Chartered provides real-time SGD transfers for Coinbase. Separately, the US OCC conditionally approved national trust bank charters for five crypto-related firms, including BitGo, Fidelity, Paxos, Circle, and Ripple. Coinbase is also expected to announce new products soon.

Standard Chartered and Coinbase have expanded their partnership to build crypto infrastructure for institutional clients.

As part of the partnership, the duo will explore offerings across trading, prime services, custody, staking and lending, the British multinational bank announced on Friday.

“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, global head of financing and securities services at Standard Chartered, said.

The two firms said the partnership combines Standard Chartered’s cross-border banking and custody expertise with Coinbase’s institutional crypto platform. The goal is to develop an integrated suite of services that allows institutions to trade and manage digital assets within a secure and compliant framework.

Related: Coinbase opens Solana DEX access as CeFi and DeFi converge

Standard Chartered, Coinbase build on Singapore partnership

The announcement builds on an existing relationship in Singapore, where Standard Chartered already provides banking connectivity for Coinbase, enabling real-time Singapore dollar transfers for the exchange’s customers.

Last year, Crypto.com also partnered with Standard Chartered to roll out global retail banking services that allow users in more than 90 countries to deposit and withdraw US dollars, euros and UAE dirhams through its app.

Meanwhile, Coinbase is set to announce new products next week that could include prediction markets and tokenized stocks.

Related: Pantera, Coinbase back Surf’s $15M push to build crypto-native AI models

Bank regulator clears path for crypto trust banks

On Friday, the US Office of the Comptroller of the Currency conditionally approved national trust bank charter applications for five companies linked to the digital asset sector.

The approvals cover BitGo, Fidelity Digital Assets and Paxos, which plan to convert existing state-chartered trust companies into national trust banks, as well as new applicants Circle and Ripple.

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Domande pertinenti

QWhat is the main focus of the expanded partnership between Standard Chartered and Coinbase?

AThe main focus is to build crypto infrastructure for institutional clients, exploring offerings across trading, prime services, custody, staking, and lending.

QHow does the partnership leverage the strengths of both Standard Chartered and Coinbase?

AIt combines Standard Chartered's cross-border banking and custody expertise with Coinbase's institutional crypto platform to develop secure and compliant digital asset services.

QWhat existing relationship did Standard Chartered and Coinbase have in Singapore prior to this announcement?

AStandard Chartered already provides banking connectivity for Coinbase in Singapore, enabling real-time Singapore dollar transfers for the exchange's customers.

QWhat other major crypto exchange has Standard Chartered partnered with recently, and what service did they provide?

AStandard Chartered partnered with Crypto.com to roll out global retail banking services allowing users in over 90 countries to deposit and withdraw US dollars, euros, and UAE dirhams.

QWhat significant regulatory development for crypto companies was announced on the same day?

AThe US Office of the Comptroller of the Currency conditionally approved national trust bank charter applications for five digital asset companies: BitGo, Fidelity Digital Assets, Paxos, Circle, and Ripple.

Letture associate

From Theft to Re-entry: How Was $292 Million "Laundered"?

A sophisticated crypto laundering operation was executed following the $292 million hack of Kelp DAO on April 18. The attack, attributed to the North Korean Lazarus group, began with anonymous infrastructure preparation using Tornado Cash to fund wallets untraceably. The hacker exploited a vulnerability in Kelp’s cross-chain bridge, stealing 116,500 rsETH. To avoid crashing the market, the attacker used Aave and Compound as laundering tools—depositing the stolen rsETH as collateral to borrow $190 million in clean, liquid ETH. This move triggered a bank run on Aave, causing an $8 billion drop in TVL. After consolidating funds, the attacker fragmented them across hundreds of wallets to evade detection. A major breakpoint was THORChain, where over $460 million in volume—30 times its usual activity—was processed in 24 hours, converting ETH into Bitcoin. This shift to Bitcoin’s UTXO model exponentially increased tracing complexity by shattering funds into countless untraceable fragments. The final destination was Tron-based USDT, the primary channel for illicit crypto flows. From there, funds were cashed out via OTC brokers in China and Southeast Asia, using unlicensed underground banks and UnionPay networks outside Western sanctions scope. Ultimately, the laundered money supports North Korea’s weapons programs, which rely heavily on crypto hacking for foreign currency. The incident underscores structural challenges in DeFi: its openness, composability, and lack of central control make such laundering not just possible, but inherently difficult to prevent.

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From Theft to Re-entry: How Was $292 Million "Laundered"?

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