OKX appoints Standard Chartered Bank as third-party institutional custody partner

On October 29, OKX, a leading global digital currency exchange and Web 3 technology company, announced the appointment of Standard Chartered Bank as a third-party digital asset custodian for its global institutional business. Standard Chartered Bank is a leading international cross-border bank connecting important markets around the world.

OKX provides comprehensive services for institutional users, including advanced trading functions, powerful risk management tools and upgraded custody solutions. The signing of the custody agreement with Standard Chartered Bank is a powerful supplement to these services. Relying on Standard Chartered Banks rich global banking experience and strict risk management system, OKX aims to provide more safe and reliable custody solutions for institutional investors.

Lennix Lai, Global Chief Commercial Officer of OKX, said: We chose Standard Chartered as our institutional custody partner to optimize our services and promote the deep integration of digital assets into the traditional financial ecosystem. Standard Chartereds rich global banking experience and firm commitment to security are highly consistent with OKXs goal of providing excellent digital currency services, which will help enhance the confidence of institutional clients in digital asset management.

Margaret Harwood-Jones, Head of Global Financing and Securities Services at Standard Chartered Bank, said: “We are committed to providing custody services that meet the highest standards of security and compliance. As OKX’s third-party custodian, we are able to apply our expertise in the evolving digital currency space to provide institutional investors with assurance.”

The collaboration is expected to attract more institutions to the digital asset market, creating a more mature environment for global institutions. This is consistent with the findings of the recently released research brief Digital assets as the new alternative for institutional investors: market dynamics, opportunities and challenges . The report, commissioned by OKX and written by Economist Impact, points out that institutional investors believe that digital assets are an opportunity not to be missed. In addition, the report also found that among all traditional and digital currency hedge funds using digital assets, 80% of the funds choose third-party custodians, showing a strong demand for the separation of transaction execution and asset custody responsibilities.

About OKX

OKX Institutional is the worlds leading institutional-grade digital currency trading platform, trusted by international companies and peer institutions. We provide institutional users with a range of powerful trading solutions, including an on-demand OTC liquidity network, structured products, and custodial accounts. Our infrastructure is designed specifically for institutional traders, with a unified account system and seamless integration with top custodians and low-latency APIs.

OKX has the industrys top monthly reserve proof report and trading volume , sufficient platform liquidity, and 99.99% uptime, ensuring the perfect combination of security, speed and reliability. OKX offers more than 700 spot trading pairs and more than 280 derivatives trading, and also provides up to 125x leverage for leading contracts.

For more information about OKX institutions, please visit https://www.okx.com/zh-hans/institutions or send an email to institutional@okx.com to help your institution accelerate the realization of digital currency trading goals.

About Standard Chartered Bank

Standard Chartered is a leading international banking group with a presence in 53 of the worlds most dynamic markets, serving clients in 64 markets. Our mission is to harness our unique diversity to drive business success, and our heritage and values are captured in our brand promise, here for good.

Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.

For more case studies and insights, visit Insights on sc.com. Follow Standard Chartered on X , LinkedIn , Instagram and Facebook .

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This article is sourced from the internet: OKX appoints Standard Chartered Bank as third-party institutional custody partner

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