OKX announced that Standard Chartered Bank has become its third-party digital asset custodian for global institutional business. Leveraging Standard Chartered’s extensive global banking experience and stringent risk management system, OKX aims to provide more secure and reliable custody solutions for institutional investors.
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OKX, a global leader in cryptocurrency trading and Web 3 technology, announced that Standard Chartered Bank has become its third-party digital asset custodian for global institutional business. Standard Chartered is an internationally renowned cross-border bank connecting major global markets.
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. Relying on Standard Chartered’s rich global banking experience and rigorous risk management system, OKX aims to offer institutional investors more secure and reliable custody solutions.
Lennix Lai, Global Chief Business Officer of OKX, stated:
Margaret Harwood-Jones, Head of Global Financing and Securities Services at Standard Chartered, commented:
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 recent research briefing titled “Digital assets as the new alternative for institutional investors: market dynamics, opportunities, and challenges,” which was commissioned by OKX and written by Economist Impact.
The report highlights that institutional investors view digital assets as an opportunity not to be missed. Additionally, the report found that among all traditional and cryptocurrency hedge funds using digital assets, 80% of the funds choose third-party custodians, indicating 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 an on-demand OTC trading liquidity network, structured products, and custody accounts. Our infrastructure is designed specifically for institutional traders, featuring a unified account system that seamlessly integrates with top custodians and low-latency APIs.
OKX boasts industry-leading monthly proof of reserves reports and trading volume, 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 derivative products, with leverage of up to 125 times available for leading contracts.
For more details about OKX Institutional, please visit
https://www.okx.com/zh-hans/institutions
or email
[email protected]
to assist your institution in accelerating its digital currency trading goals.
About Standard Chartered Bank
Standard Chartered is a leading international banking group with a business network spanning 53 of the world’s most dynamic markets, serving customers from 64 markets. Our mission is to drive commerce and prosperity through unique diversity, and our cultural heritage and corporate values are embodied 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 professional insights, please visit the Insights section at sc.com. Follow Standard Chartered on
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Instagram,
and Facebook.
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