OKX appoints Standard Chartered Bank as a third-party custody partner.

CN
1 year ago

OKX Appoints Standard Chartered as Third-Party Custody Partner

On October 29, global leading digital currency trading and Web 3 technology company OKX announced the appointment of Standard Chartered as its third-party digital asset custody partner for global institutional business. Standard Chartered is an internationally leading cross-border bank connecting major markets worldwide.

OKX provides comprehensive services for institutional users, covering advanced trading features, robust risk management tools, and upgraded custody solutions. The signing of the custody agreement with Standard Chartered is a strong complement to these services. Leveraging Standard Chartered's extensive global banking experience and stringent risk management system, OKX aims to offer more secure and reliable custody solutions for institutional investors.

Lennix Lai, Global Chief Business Officer of OKX, stated: “We chose Standard Chartered as our institutional custody partner to optimize services and promote the deep integration of digital assets with the traditional financial ecosystem. Standard Chartered's rich global banking experience and firm commitment to security align closely with OKX's goal of providing exceptional digital currency services, helping to enhance institutional clients' confidence in digital asset management.”

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

This collaboration is expected to attract more institutions into the digital asset market, creating a more mature environment for global institutions. This aligns with the findings of a recent research brief titled “Digital Assets as the New Alternative for Institutional Investors: Market Dynamics, Opportunities, and Challenges”. The report, commissioned by OKX and authored by Economist Impact, indicates that institutional investors view digital assets as an opportunity not to be missed. Additionally, the report found that among all traditional and digital currency hedge funds using digital assets, 80% of funds choose third-party custody institutions, demonstrating a strong demand for the separation of trading execution and asset custody responsibilities.

About OKX Institutional

OKX Institutional is a leading institutional-grade digital currency trading platform, trusted by international companies and peer institutions. We offer a range of powerful trading solutions for institutional users, including on-demand over-the-counter trading liquidity networks, structured products, and custody accounts. Our infrastructure is designed for institutional traders, featuring a unified account system that seamlessly integrates with top custody institutions and low-latency APIs.

OKX boasts the industry's top monthly proof of reserves reports and trading volumes, with ample platform liquidity and 99.99% uptime, ensuring a perfect combination of security, speed, and reliability. OKX offers over 700 spot trading pairs and more than 280 derivatives trading options, with leverage of up to 125 times on leading contracts.

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

About Standard Chartered

Standard Chartered is a leading international banking group with a network spanning 53 of the world's most dynamic markets, serving clients from 64 markets. Our mission is to drive commerce and prosperity through our unique diversity, and our cultural heritage and corporate values are fully reflected in our brand promise of “Here for good.”

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

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

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