OKX, a leading cryptocurrency exchange and Web3 technology company, has appointed Standard Chartered as its institutional third-party custody partner. This strategic collaboration strengthens OKX's institutional offerings by integrating traditional banking-grade security with digital asset solutions.
Enhanced Custody Solutions for Institutional Investors
The partnership enables OKX to provide institutional clients with:
- Secure custody services backed by Standard Chartered’s global banking infrastructure.
- Regulatory compliance adhering to stringent financial standards.
- Risk mitigation through segregated custody and trade execution.
👉 Explore institutional crypto services with OKX
Key Benefits of the Collaboration
- Trusted Custody: Standard Chartered’s custodial framework ensures asset safety for hedge funds, asset managers, and corporations.
- Market Confidence: Addresses institutional demand for segregated custody, as highlighted in OKX’s recent Economist Impact report (80% of crypto hedge funds use third-party custodians).
- Ecosystem Growth: Accelerates digital asset adoption by bridging crypto and traditional finance.
Executive Insights
Lennix Lai, OKX Global Chief Commercial Officer:
"Partnering with Standard Chartered aligns with our mission to deliver secure, institutional-grade crypto services. Their expertise reinforces trust in digital asset management."
Margaret Harwood-Jones, Standard Chartered:
"Our custody solutions meet rigorous compliance standards. This collaboration extends our capabilities into crypto, serving institutional investors globally."
Future Outlook
The partnership reflects a broader trend of institutional crypto adoption, with OKX’s research indicating:
- Digital assets as an inevitable portfolio allocation for institutions.
- Growing reliance on third-party custodians for security and operational efficiency.
FAQ Section
Q: Why did OKX choose Standard Chartered as a custodian?
A: Standard Chartered’s global banking expertise and compliance rigor align with OKX’s institutional security standards.
Q: How does this benefit institutional investors?
A: Clients gain access to bank-level custody, reducing counterparty risks and enhancing asset protection.
Q: What’s next for OKX Institutional?
A: OKX plans to expand its suite of services, including OTC trading and structured products, for global institutions.