Paxos, a regulated blockchain infrastructure platform, has partnered with Standard Chartered to enhance the management of its digital assets in Singapore and the UAE. The partnership will provide vital services such as cash management, trading, and custody to support Paxos’ stablecoins, Global Dollar (USDG) and Lift Dollar (USDL). Standard Chartered’s banking capabilities will integrate with Paxos’ global tokenization platform, offering institution-grade products. The agreement aims to strengthen the infrastructure supporting these stablecoins. Paxos’ Head of Treasury and Portfolio Management Adam Ackermann noted that the partnership is critical for securing sophisticated products in the regulated stablecoin market. Meanwhile, Standard Chartered’s Global Head of Banks and Broker Dealer Sales John Collura emphasized the bank’s commitment to shaping the future of digital finance with trust and innovation. The partnership enables secure, regulated digital asset solutions driving global adoption and economic inclusion.
Paxos and Standard Chartered collaborate on a strategic partnership to manage stablecoin reserves.
by newsworm | Dec 15, 2024 | Banking, Standard Chartered