Global cryptocurrency exchange and Web3 technology leader OKX has announced a strategic partnership with Standard Chartered Bank to serve as its third-party digital asset custody provider for institutional clients worldwide. This collaboration leverages Standard Chartered's extensive global banking expertise and robust risk management framework to deliver secure custody solutions for institutional investors.
Strengthening Institutional Crypto Services Through Strategic Partnership
OKX Institutional provides comprehensive services for institutional users, including:
- Advanced trading functionalities
- Sophisticated risk management tools
- Enhanced custody solutions
The partnership with Standard Chartered Bank complements these offerings by combining OKX's crypto market leadership with the bank's institutional-grade custody capabilities. Standard Chartered brings over 160 years of international banking experience across 53 global markets to this collaboration.
👉 Discover how institutional investors are adopting digital assets
Executive Perspectives on the Partnership
Lennix Lai, Global Chief Commercial Officer at OKX, commented:
"Our selection of Standard Chartered as an institutional custody partner reflects our commitment to service excellence and deeper integration between digital assets and traditional finance ecosystems. Their global banking experience and security focus align perfectly with OKX's mission to provide superior cryptocurrency services."
Margaret Harwood-Jones, Global Head of Financing and Securities Services at Standard Chartered, stated:
"We're committed to delivering custody services that meet the highest security and compliance standards. As OKX's third-party custodian, we can apply our expertise to the evolving cryptocurrency space while safeguarding institutional investors."
Institutional Adoption of Digital Assets Accelerates
This partnership arrives amid growing institutional interest in cryptocurrency markets. Key findings from OKX-commissioned research by Economist Impact reveal:
- 80% of traditional and crypto hedge funds using digital assets prefer third-party custody solutions
- Institutional investors increasingly view digital assets as essential portfolio components
- Demand grows for clear separation between trading execution and asset custody functions
The collaboration aims to create a more mature environment for institutional digital asset participation globally.
About OKX Institutional
OKX Institutional serves as a premier digital asset trading platform for professional investors, offering:
- Comprehensive trading solutions including OTC liquidity networks
- Structured products
- Custodial account services
- Unified account system with seamless integration to leading custody providers
Platform highlights:
- Industry-leading Proof of Reserves reporting
- 700+ spot trading pairs
- 280+ derivatives products
- Up to 125x leverage on select contracts
- 99.99% uptime reliability
👉 Explore institutional crypto trading solutions
About Standard Chartered Bank
Standard Chartered operates across 53 global markets with key characteristics:
- International banking group serving clients from 64 markets
- London and Hong Kong stock exchange listings
- Focus on promoting commerce through diversity
- Strong digital banking and custody capabilities
Frequently Asked Questions
Why did OKX choose Standard Chartered as a custody partner?
OKX selected Standard Chartered for their global banking expertise, strict security standards, and institutional-grade custody solutions that complement OKX's crypto trading services.
What benefits does this partnership offer institutional investors?
The collaboration provides institutional clients with secure custody options backed by Standard Chartered's banking infrastructure while maintaining access to OKX's trading liquidity and products.
How does this reflect broader trends in institutional crypto adoption?
The partnership aligns with growing institutional demand for regulated custody solutions, as evidenced by research showing 80% of institutional crypto users prefer third-party custodians.
What types of institutions might benefit from these services?
Hedge funds, asset managers, corporations, and other sophisticated investors seeking regulated custody solutions for their digital asset holdings.
Does Standard Chartered offer crypto services beyond custody?
While primarily known for traditional banking, Standard Chartered has been expanding its digital asset capabilities including custody and blockchain-based solutions.
How can institutions learn more about OKX's offerings?
Institutions can visit OKX's dedicated institutional portal or contact their institutional client services team for more information.