Paxos, a blockchain and tokenization infrastructure platform, has partnered with Standard Chartered to enhance Global Dollar (USDG) and Lift Dollar (USDL) reserve management.

Through this collaboration, Standard Chartered will provide cash management, trading, and custody services, further strengthening the infrastructure supporting the trusted digital assets in Singapore and UAE.

Both USDG and USDL are fully backed and trusted stablecoins issued under prudential regulatory oversight. Paxos maintains rigorous standards in reserve management and exclusively holds short-term, highly liquid US government securities and cash equivalents to ensure that stablecoins maintain 1:1 parity with the US dollar. This guarantees seamless convertibility to fiat currency while reinforcing trust in Paxos’ ecosystem.

Through this collaboration, Standard Chartered will support Paxos’ global tokenization platform by offering seamless integration with a comprehensive suite of banking capabilities across transaction banking, financial markets, and securities services. With a strong commitment to engaging with global regulators, Standard Chartered delivers tailored solutions to navigate the complexities of digital asset custody, making it a strong banking provider for Paxos’ digital assets. This relationship also simplifies how companies can access Paxos’ suite of trusted stablecoins.

Adam Ackermann, Head of Treasury and Portfolio Management at Paxos, said:

“As the stablecoin industry continues to attract the world’s leading enterprises, it’s more important than ever to ensure they have access to sophisticated, institutional-grade products. 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:

“Our 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.”

Global Dollar (USDG) is a US dollar-backed stablecoin issued by Paxos Digital Singapore, and is substantively compliant with the Monetary Authority of Singapore’s (MAS) upcoming stablecoin regulatory framework. This ensures USDG meets the highest standards of consumer protection and regulatory compliance.

Paxos International, which is regulated by the Financial Services Regulatory Authority of Abu Dhabi Global Market, launched the US dollar-backed stablecoin Lift Dollar (USDL) earlier this year. USDL passes daily programmatic safe yield to its end holders.