Regulated blockchain and tokenisation infrastructure platform Paxos announced it has formed a strategic partnership with Standard Chartered to enhance the reserve management of its Global Dollar (USDG) and Lift Dollar (USDL) stablecoins.
Standard Chartered and Paxos Announce Partnership
Through the collaboration, the company explained that Standard Chartered will deliver a range of services, including cash management, trading, and custody, strengthening the infrastructure supporting USDG and USDL in Singapore and the UAE.
According to Paxos, both stablecoins are fully backed by US dollar reserves and operate under strict regulatory oversight.
The company added that it maintains high standards for reserve management, exclusively holding short-term, highly liquid US government securities and cash equivalents to ensure a 1:1 parity with the US dollar.
This is seen as guaranteeing convertibility to fiat currency and reinforcing trust in Paxos’ ecosystem.
Standard Chartered will support Paxos’ global tokenisation platform by integrating its banking capabilities across transaction banking, financial markets, and securities services.
The partnership is said to simplifiy access to Paxos’ suite of trusted stablecoins for companies.
Adam Ackermann, Head of Treasury and Portfolio Management at Paxos, stated: “Standard Chartered’s commitment to risk management, compliance and operational efficiency across its world-class banking solutions is critical to Paxos as a regulated stablecoin issuer.“
John Collura, Global Head of Banks & Broker Dealer Sales and Head of Europe & Americas for Financing and Securities Services at Standard Chartered, said the partnership with Paxos “reflects Standard Chartered’s commitment to shaping the future of digital finance with trust and innovation.”
“By providing robust cash management, trading, and custody services, we’re enabling the next generation of secure and regulated digital assets solutions that drive global adoption and economic inclusion,” he added.
Global Dollar (USDG) is issued by Paxos Digital Singapore and is designed to comply with Singapore’s upcoming stablecoin regulatory framework.
Lift Dollar (USDL) is issued by Paxos International, which is regulated by the Financial Services Regulatory Authority of Abu Dhabi Global Market.
