TL;DR
- OKX partners with Standard Chartered as its cryptocurrency custodian for institutional clients.
- The collaboration seeks to offer greater security and confidence to institutional investors.
- This alliance marks a milestone in the integration between traditional finance and digital assets.
OKX, one of the world’s largest cryptocurrency exchanges, has taken a major step by announcing a strategic partnership with international bank Standard Chartered.
This agreement will allow Standard Chartered to act as custodian for the digital assets of OKX’s institutional clients, providing an additional level of security and trust that many institutional investors consider key when exploring the world of cryptocurrencies.
The original source of this information comes from a post by Lennix Lai, OKX‘s chief commercial officer, who highlighted the importance of this alliance in the evolution of the platform’s institutional services.
Lai stressed that while OKX has always prioritized security, trust is a critical factor in attracting institutional investors, and this partnership with one of the most prestigious and experienced banks in traditional finance reinforces that commitment.
This collaboration responds to a growing demand from institutional investors to separate the execution of operations from the custody of assets, guaranteeing a safer and more professional management of the same.
OKX, by working with Standard Chartered, not only strengthens its custody services but also contributes to bridging the gap between traditional finance and digital assets, making it easier for large institutions to participate in the cryptocurrency space.
According to a report commissioned by OKX and Economist Impact, 80% of hedge funds, both traditional and crypto, that use digital assets rely on third-party custodians.
This data highlights the growing need for secure and reliable solutions in the institutional market.
A new standard in institutional custody with OKX
The impact of this alliance is not limited to the simple provision of custody services.
It is an indicator of the growing interest and confidence of traditional institutions in digital assets.
Standard Chartered, a bank considered globally systemic, becomes a key player in this evolution by offering its infrastructure to safeguard cryptocurrencies, marking an important milestone in the integration of both financial worlds.
As cryptocurrencies become more established as a viable option within institutional portfolios, OKX is determined to provide the tools necessary to facilitate this transition.
The partnership with Standard Chartered is just one example of efforts to create a more mature and accessible environment for institutions interested in investing in digital assets.
With this agreement, OKX sends a clear message to the market: it is committed to offering solutions that not only focus on technological innovation, but also on ensuring security and regulatory compliance.
This strategy could encourage more institutions to explore the potential of cryptocurrencies, especially now that they have the backing of a bank with the reputation and experience of Standard Chartered.
This partnership undoubtedly sets a new standard for cryptocurrency custody services, positioning OKX and Standard Chartered as pioneers in creating a solid bridge between traditional finance and the digital world.
