Bridging Traditional Finance and Digital Assets
OKX has announced a strategic partnership with Standard Chartered, one of the world’s leading financial institutions, to serve as a third-party custodian for digital assets. This collaboration underscores OKX’s commitment to security, compliance, and institutional adoption of cryptocurrencies while bridging the gap between traditional finance and digital asset ecosystems.
Key highlights of the partnership:
- Secure self-custody solutions for institutional clients.
- Separation of trading and custody to mitigate risks.
- Integration of digital assets into traditional financial frameworks.
👉 Discover how OKX is revolutionizing institutional crypto services
Meeting Institutional Demand for Secure Custody
The partnership addresses a critical need in the institutional crypto space. Research conducted by OKX and Economist Impact revealed that 80% of hedge funds involved in digital assets rely on third-party custodians. By collaborating with Standard Chartered, OKX enhances its institutional-grade offerings, including:
- Advanced trading tools
- Robust risk management
- Regulatory-compliant custody solutions
Lennix Lai, OKX Global Chief Commercial Officer, emphasized:
"Standard Chartered’s global banking expertise and security standards align with our mission to provide exceptional crypto services for institutional clients."
Advancing Crypto Custody Standards
Standard Chartered brings decades of financial custodial experience to the crypto space. Margaret Harwood-Jones, Global Head of Financing & Securities Services at Standard Chartered, stated:
"Our role as OKX’s third-party custodian reinforces our commitment to safety and compliance while expanding our footprint in digital assets."
This partnership aims to:
- Set new industry benchmarks for institutional crypto custody.
- Increase trust among traditional investors entering digital assets.
- Pave the way for broader institutional adoption.
👉 Explore OKX’s institutional crypto solutions
Future Outlook
OKX views this partnership as a foundational step toward becoming the premier platform for institutional digital asset services. Additional initiatives are planned to solidify its position as a global leader in crypto custody and trading.
FAQ
Q1: Why did OKX partner with Standard Chartered?
A: To integrate high-security custody solutions and strengthen institutional trust in digital assets.
Q2: How does this benefit institutional investors?
A: It provides segregated custody, reducing counterparty risks and improving compliance.
Q3: What is Standard Chartered’s role in crypto?
A: It offers regulated custodial services, bridging traditional finance and digital assets.
Q4: Will OKX expand its institutional offerings further?
A: Yes, this is part of a broader strategy to enhance services for hedge funds, asset managers, and corporations.
Q5: Are OKX’s custody solutions compliant with global regulations?
A: Absolutely—Standard Chartered ensures adherence to strict regulatory standards.
Q6: How does this partnership impact the crypto industry?
A: It signals growing institutional acceptance and sets higher custody benchmarks.
By combining OKX’s crypto expertise and Standard Chartered’s custodial excellence, this partnership marks a significant milestone in the evolution of institutional digital asset services.