24X Expands Digital Assets Prime Brokerage With Standard Chartered

Standard Chartered Adds Crypto Prime Brokerage

Digital asset venue 24X Bermuda Limited expanded its institutional partnership with Standard Chartered Monday, adding prime brokerage capabilities for Bitcoin and Ethereum. According to corporate announcements released from Hamilton, Bermuda, the integration allows institutional market participants to trade BTC and ETH directly on the unified platform. Standard Chartered acts as the central counterparty for these digital asset flows.

Counterparties face the international banking group directly while routing orders through 24X infrastructure. Execution-only matching and straight-through processing are handled by the 24X matching engine. Standard Chartered previously served as liquidity taker for initial spot cryptocurrency trades on the venue, with Cumberland DRW and Wintermute acting as liquidity providers.

Bermuda Regulatory Oversight And Execution

Cryptocurrency activity on 24X Bermuda operates under the regulatory supervision of the Bermuda Monetary Authority. 24X CEO Dmitri Galinov confirmed that institutional demand for regulated digital asset venues continues to accelerate across global markets. The platform combines multi-asset liquidity configuration with institutional-grade custody integration. Market participants trade around the clock.

Regulatory compliance remains central to the prime brokerage expansion. Custody workflows mirror institutional banking standards. Institutional capital flows into digital assets through familiar banking counterparts. Recent corporate disclosures indicate that major centralized exchanges navigate strict international regulatory enforcement actions while scaling global compliance certifications.

Institutional Credit And Capital Efficiency

The expansion bridges traditional foreign exchange workflows with spot digital asset execution. Institutional desks gained access to FX spot, NDFs, and swaps alongside crypto assets under a single operational roof. Traditional credit structures apply. Capital efficiency improved significantly for participating funds across global trading desks.

Corporate filings and regulatory disclosures indicate that platform operators maintain active operational presence across multiple jurisdictions while holding formal certifications including SOC 2 Type II and ISO standards. Additional developments involve conditional approvals granted in emerging markets, matching the broader push by traditional financial institutions to secure regulatory compliance for digital asset operations.