Standard Chartered Bank expands institutional digital asset services collaboration with Coinbase

According to CoinDesk, cryptocurrency exchange Coinbase and Standard Chartered Bank have announced an expansion of their partnership to jointly explore the development of comprehensive digital asset service solutions for institutional clients, including trading, custody, staking, and lending.

This upgrade in collaboration is based on the existing business relationship between the two companies in Singapore, where Standard Chartered Bank currently provides real-time Singapore dollar transfer services for Coinbase clients. As JPMorgan introduces its JPM Coin deposit token to Coinbase's Layer-2 blockchain Base, Coinbase's trust among institutions such as banks continues to grow.