September's Third Week in Crypto: Circle, Coinbase, X and Robinhood Announce New Partnerships
Key Takeaways
- •Standard Chartered was appointed digital asset custodian for LMAX Group, making LMAX the first client onboarded to the bank's MiCA-authorized Luxembourg custody platform, with additional coverage through its DFSA-regulated Dubai DIFC branch.
- •X's Cashtag Partner Program now routes US users from stock, ETF and crypto ticker posts to Interactive Brokers, Moomoo, Gemini, Kraken and Coinbase, though X executes no trades and transactions are completed on partner platforms.
- •Circle's Arc Layer 1 blockchain launched its public mainnet with over 100 institutional and crypto participants, including BlackRock, Mastercard, Visa and Binance, featuring USDC as the gas token and sub-second finality.
- •Robinhood began routing football prediction-market contracts to Crypto.com's CFTC-regulated derivatives arm and OG.com on September 8, and will receive equity stakes in both firms at a $20 billion Crypto.com valuation once OG.com spins off.
- •Coinbase opened a Singapore engineering hub in partnership with the Economic Development Board to train early-career engineers, adding to its roughly 70 local employees and more than 18 Singapore-based Web3 startup investments.

The third week of September delivered a cluster of partnership announcements across the crypto industry, most of them organized around a single theme: access. X moved to let users trade directly from a post, Coinbase committed to training the next wave of engineers in Singapore, Circle launched a new blockchain with more than 100 institutions already on board, and Robinhood broadened the venues for its fast-growing prediction markets. Even Cardano's tie-up with Mastercard fits the same pattern — putting blockchain rails in front of people who would otherwise never touch them.
Standard Chartered Expands Its Digital Asset Partnership With LMAX Group
Standard Chartered has been appointed digital asset custodian for LMAX Group, operating through its DFSA-regulated branch in Dubai's International Financial Centre (DIFC) — the emirate's financial free zone with its own regulatory framework — and through Standard Chartered Luxembourg. The appointment makes LMAX the first client onboarded to the bank's Luxembourg custody platform since it secured MiCA authorization in June 2026, the European Union's Markets in Crypto-Assets regime that gives licensed firms a single set of rules for serving clients across the bloc.
The move builds directly on work the two firms have already completed together. In July 2026, Standard Chartered and LMAX Group ran what they described as the industry's first live digital asset prime broking trades, pairing the bank's credit and custody capabilities with LMAX's institutional market infrastructure. The latest expansion adds regulated custody and settlement on top of that relationship, giving LMAX access to regulated infrastructure in both Luxembourg and the DIFC — useful coverage for a firm serving institutional clients spread across Europe and the Middle East.
Ole Matthiessen, who leads transaction services and digital assets at Standard Chartered, said institutional clients scaling their digital asset businesses need "trusted infrastructure" that works consistently across markets and regulatory regimes, rather than systems that must be rebuilt for every jurisdiction.
LMAX CEO David Mercer described the custody mandate as a natural next step following the earlier prime broking work. The two firms are also reportedly exploring off-exchange custody solutions, an arrangement that would let clients keep assets with a regulated bank while still accessing institutional trading liquidity elsewhere — addressing a security and operational tension that has been a sticking point for institutional crypto adoption.
X Launches Cashtag Partner Program, Linking Posts to Trading Platforms
X has rolled out its Cashtag Partner Program in the United States, connecting posts and market data on stocks, exchange-traded funds and cryptocurrencies directly to trading platforms including Interactive Brokers, Moomoo, Gemini, Kraken and Coinbase. Cashtags are the dollar-sign-prefixed tickers long used on the platform to tag market discussion, and X itself does not execute any trades; tapping through simply hands the user off to the partner platform they choose, where the order is actually placed — embedding trading access directly into the feed rather than a separate app.
The mechanics are straightforward. A user taps a supported cashtag in their feed, which opens a page with a price chart and related posts. Hitting "Trade" routes them to one of the five partner platforms, where they log in or create an account and complete the transaction on that platform's own site or app.
The launch is not X's first move into financial infrastructure — cashtags have been building toward this for most of the year. In January, the company introduced Smart Cashtags, letting users link a ticker to a specific asset or smart contract in order to track price and related discussion directly inside the feed. In August 2026, former X head of product Nikita Bier announced trading buttons for crypto specifically, clarifying at the time that third-party services would handle the actual transaction processing rather than X itself.
The pattern is consistent with X's broader ambitions. Alongside the cashtag infrastructure, the company has been building features such as X Money, all pointed toward its stated goal of becoming something closer to an "everything app."
Coinbase Launches a Singapore Engineering Hub With the Economic Development Board
Coinbase has opened an engineering hub in Singapore in partnership with the country's Economic Development Board, the city-state's lead investment promotion agency, aimed at training local engineers and growing the region's blockchain developer talent pool. The stated goal extends beyond hiring: the company is positioning Singapore as a launchpad for people early in their careers who want to work in Web3 but do not necessarily have crypto experience yet.
Coinbase framed the move as advancing its goal of "increasing economic freedom by onboarding one billion people into the crypto economy," while aligning with Singapore's Smart Nation 2.0 digital upskilling strategy.
Hassan Ahmed, Coinbase's country director for Singapore, described the hub as a structured program serving both undergraduate interns and newly hired engineers, saying the company actively recruits "fresh graduates and early-career engineers who may lack crypto experience but share our mission."
The timing tracks Coinbase's broader regulatory progress in the country. The company received in-principle approval in 2022 from the Monetary Authority of Singapore — the city-state's central bank and financial regulator — followed by a full Major Payment Institution license in 202, a sequence Ahmed said gave the company's Singapore roadmap a "firm foundation" to build from.
Coinbase already employs roughly 70 people in Singapore across engineering, compliance, legal and institutional sales, and headcount is expected to grow once the new hub is fully staffed, though the company has not given specific hiring targets. Its Asia-Pacific investment arm has also backed more than 18 Singapore-based Web3 startups to date.
Circle Launches Arc Mainnet With More Than 100 Institutional and Crypto Partners
Circle, the company behind USDC, has officially launched the public mainnet of Arc, a Layer 1 blockchain built specifically for financial markets, payments and AI-driven economic activity. The network debuts with more than 100 institutional and ecosystem participants already on board — a notably large founding cohort for a brand-new chain.
What sets Arc apart structurally is that USDC itself functions as the network's gas token. Transaction fees are paid directly in the stablecoin rather than in a separate native cryptocurrency, a design choice meant to give users more predictable costs than most Layer 1 networks currently offer. Circle says the network delivers sub-second finality and supports USDC, EURC and tokenized real-world assets.
The founding validator list reads like a cross-section of both traditional finance and crypto: BlackRock, Mastercard, Visa and Standard Chartered on the institutional side, alongside Binance, Coinbase, Kraken, Aave and Uniswap representing crypto-native infrastructure.
Circle has also minted the full initial supply of 10 billion ARC tokens, though the company was careful to note that this does not confirm a public token launch is imminent. ARC is intended to eventually support network security and governance, particularly once Arc transitions from Proof of Authority — a model in which a fixed set of approved validators run the network — to Proof of Stake, a shift planned for 2027. Whether Arc becomes a genuine hub for on-chain trading activity, the way Robinhood Chain has, is the open question much of the industry is now watching.
Robinhood Partners With Crypto.com and OG.com to Expand Prediction Markets
Robinhood has struck a partnership with Crypto.com and OG.com that expands the venues to which it routes prediction-market contracts — agreements whose payouts hinge on the outcome of real-world events — starting with football. As of September 8, Robinhood began sending a selection of football event contracts to Crypto.com's derivatives arm regulated by the Commodity Futures Trading Commission, the US agency overseeing derivatives markets, and to the separate, trader-focused OG.com platform.
There is an equity component as well. Robinhood Markets will receive equity stakes in Crypto.com and OG.com once OG.com spins off as an independent platform, priced in line with Citadel Securities' recent investment in Crypto.com at a $20 billion valuation — a meaningfully deeper tie than a typical routing agreement.
The volume behind the move is substantial: 13.6 billion event contracts were traded through Robinhood in the second quarter alone, more than 5 billion during the World Cup, and over 45 billion in total since the product launched roughly two years ago.
Robinhood will keep routing contracts to other venues as well, including Kalshi, ForecastEx, and Rothera, its own joint venture with Susquehanna International Group.
JB Mackenzie, who runs futures and prediction markets at Robinhood, said routing to multiple venues helps build "a stronger, more diverse and resilient marketplace," tying the timing directly to football season and the approaching midterm elections.
Kris Marszalek, founder and CEO of both Crypto.com and OG.com, called the deal the start of a deeper partnership, with ambitions to make OG.com "the most liquid venue globally" for prediction markets before expanding into futures and perpetuals.
Cardano Foundation Joins Mastercard's Crypto Partner Program
The Cardano Foundation has joined Mastercard's Crypto Partner Program, entering specifically through its Blockchains track — a signal that Cardano is angling for a genuine role in mainstream payment infrastructure rather than remaining confined to crypto-native use cases. The Foundation described the move on X as "another step toward connecting public blockchain infrastructure with the way money moves globally."
The scope centers on three interconnected areas: cross-border money movement, B2B transactions, and settlement — all places where legacy correspondent banking tends to be slow and expensive, and where blockchain rails are frequently pitched as offering real advantages in speed and transparency. Stablecoins — tokens designed to hold a steady value against a reference currency — sit at the center of the plan, functioning as the practical bridge between blockchain settlement speed and the price stability institutions actually need to use these rails for real transactions.
Inclusion in Mastercard's Blockchains track places Cardano alongside other infrastructure providers working on similar problems — which matters less as a symbolic win and more as a genuine testing ground. Mastercard's reach into global payment networks gives any technology piloted through the program a far higher-stakes proving ground than a typical industry trial would offer.
For Cardano specifically, the positioning speaks to a broader challenge the network has faced for some time: demonstrating real utility beyond trading and speculation. Landing inside a Mastercard-run initiative focused on payments and stablecoins is a fairly direct attempt to close that gap.
Source: September's 3rd Week In Crypto: Circle, Coinbase And X Announce New Partnerships, Metaverse Post.