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