OKX Partners with Standard Chartered to Strengthen Institutional Custody Solutions

The world’s top financial company, Standard Chartered, has established a strategic partnership with OKX, the fourth-largest cryptocurrency exchange by trading volume. The goal of this collaboration is to strengthen security and enhance the integration of crypto assets with conventional financial services by offering OKX’s institutional clients strong custodial solutions.

Enhancing Institutional Custody with Banking Expertise

OKX disclosed that Standard Chartered will act as a third-party custodian for the digital assets of its institutional clients. OKX plans to expand its institutional services by utilizing Standard Chartered’s well-known proficiency in international banking, providing additional security and compliance layers for cryptocurrency custody.

The collaboration comes as part of OKX’s broader goal to align the crypto space with conventional finance. In a press release, OKX stated, “Today we were pleased to announce that we’ve officially partnered with Standard Chartered, a leading international cross-border bank, as our third-party crypto custodian for institutional clients. This milestone reflects our commitment to security, innovation, and the future of digital assets.”

OKX’s collaboration with Standard Chartered is expected to address growing institutional demand for dependable digital asset custody options, especially as more traditional financial institutions show interest in the crypto market.

OKX Chief CCO Highlights Strategic Partnership

OKX’s Global Chief Commercial Officer, Lennix Lai, shared insights into the decision to partner with Standard Chartered. According to Lai, this partnership aligns with OKX’s commitment to integrating digital assets within the established financial ecosystem. He elaborated, “We selected Standard Chartered as an institutional custodian partner to enhance our offering and accelerate the integration of digital assets within the traditional financial ecosystem. Standard Chartered’s extensive global banking expertise and unwavering commitment to security aligns with our objective to provide exceptional crypto services and reinforces the confidence of our institutional clients in managing their digital assets.”

This partnership marks a significant milestone for OKX as it continues to prioritize security, transparency, and regulatory compliance in its offerings to institutional clients. As the demand for digital assets grows within traditional finance, the OKX and Standard Chartered collaboration could set a new industry benchmark for secure custodial solutions, bridging the gap between digital currency and established financial services.