OKX and Standard Chartered Partner for New Custody Solution

Estimated read time 2 min read

In a strategic move to advance institutional crypto custody, OKX has announced a partnership with Standard Chartered, positioning the global bank as a third-party custodian for OKX’s institutional clients. Spearheaded by OKX’s Commercial Director Lennix Lai, this collaboration underlines OKX’s focus on security and innovation.

As a leader in blockchain technology, OKX is attuned to the evolving needs of institutional investors. Today, corporate clients view digital assets as a diverse portfolio component rather than mere speculative investments.

The Role of Standard Chartered and Industry Maturity

According to OKX’s research, 80% of hedge funds and financial institutions investing in digital assets prefer using third-party custodians. This trend highlights the need to separate trading from custody functions, and this partnership enables OKX to align with this model.

Enhanced Services for Institutional Clients

Through this partnership, OKX provides its institutional clients with a clear distinction between trading and custody. With Standard Chartered integrated into its services, OKX now offers enhanced trading options, sophisticated risk management tools, and secure custody solutions, adding a robust layer of security to digital asset management.

OKX aims to bridge the gap between traditional finance and crypto, helping institutional players transact with confidence. This collaboration signals broader acceptance of digital assets in the financial world and positions OKX not only as a crypto platform but as a trusted custody service provider setting new standards for institutional clients.

This move reflects the maturing crypto market, where security and compliance are essential. As traditional finance and crypto converge, OKX’s collaboration with Standard Chartered is poised to boost investor trust and support sustainable growth in the digital asset sector.

For the latest insights into institutional crypto partnerships, Dey There offers up-to-date coverage on financial innovation and security in the crypto industry.

OKX, Standard Chartered, crypto custody, digital assets, institutional clients

Camila Santos

Camila Santos is a blockchain and cryptocurrency specialist with 9 years of experience in the field. Starting her career in the financial sector, Camila quickly became interested in the potential of blockchain to revolutionize finance. She has since been involved in several high-profile blockchain projects, including the development of decentralized platforms and financial products. Her expertise spans across blockchain governance, smart contracts, and the broader implications of blockchain for the global financial system. At DT NEWS, Camila provides readers with expert analysis and commentary on the latest developments in the blockchain and cryptocurrency industries, ensuring they stay informed about key trends.

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