Standard Chartered and OKX Extend Collateral Mirroring to EEA
OKX announced the expansion of its partnership with Standard Chartered into the European Economic Area (EEA), marking a major step toward integrating traditional banking security with institutional digital asset trading.
The collaboration, first launched in the UAE earlier this year, introduced OKX’s collateral mirroring program, a service that allows institutional clients to hold assets safely with Standard Chartered, a Global Systemically Important Bank (G-SIB), while mirroring those balances into OKX for trading.
This model offers the dual advantage of bank-grade custody and seamless exchange access, helping institutions reduce counterparty risk and trade more confidently. By bringing this structure to the EEA, OKX aims to give clients across Europe access to a secure and compliant environment for managing digital assets.
The partnership also reflects growing regulatory confidence, as Standard Chartered remains the only G-SIB directly collaborating with a crypto exchange.
Margaret Harwood-Jones, Global Head of Financing and Securities Services at Standard Chartered, noted that the partnership combines the bank’s robust custody infrastructure with OKX’s regulatory framework to deliver the highest standards of security and compliance for European institutions.
For OKX, this expansion underscores its commitment to Europe following the firm’s MiCA license approval earlier in the year. Together, MiCA’s regulatory clarity and the collateral mirroring solution create a strong foundation for institutional adoption.
FAQ
What does OKX’s new partnership expansion mean for Europe?
OKX and Standard Chartered are extending their collateral mirroring service to the EEA, enhancing institutional access to secure digital asset trading.How does the collateral mirroring program work?
It lets institutions hold assets with Standard Chartered while mirroring balances on OKX for seamless trading and reduced counterparty risk.Why is this partnership significant for regulatory trust?
Standard Chartered is the only G-SIB working directly with a crypto exchange, reinforcing confidence in compliant digital asset infrastructure.How does this move align with OKX’s European strategy?
It builds on OKX’s MiCA license approval, strengthening its long-term commitment to Europe’s regulated digital asset market.
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