DUBAI, UAE, Oct. 29, 2024 /PRNewswire/ — OKX, a number one cryptocurrency trade and world onchain know-how firm, immediately introduced the appointment of Standard Chartered, a number one worldwide cross-border financial institution connecting the world’s most dynamic markets, as a third-party crypto custodian for its world institutional enterprise.
The custody settlement with Standard Chartered is a big addition to OKX’s complete suite of institutional providers, which incorporates superior buying and selling capabilities, strong threat administration instruments and enhanced custody options. By leveraging Standard Chartered’s intensive world banking experience and rigorous threat administration framework, OKX goals to supply institutional traders a broader vary of safe and dependable custody options.
OKX Global Chief Commercial Officer Lennix Lai mentioned: “We selected Standard Chartered as an institutional custodian partner to enhance our offering and accelerate the integration of digital assets within the traditional financial ecosystem. Standard Chartered’s extensive global banking expertise and unwavering commitment to security aligns with our objective to provide exceptional crypto services and reinforces the confidence of our institutional clients in managing their digital assets.”
Standard Chartered Global Head of Financing & Securities Services Margaret Harwood-Jones mentioned “We are committed to offering custodial services that meet the highest standards of safety and compliance. Serving as OKX’s third-party custodian allows us to extend our expertise into the evolving cryptocurrency sector, providing institutional investors with the assurance they require.”
This collaboration is anticipated to draw elevated institutional participation within the digital asset market, contributing to a extra mature atmosphere for establishments globally. It aligns with the findings of a lately revealed OKX-commissioned analysis temporary authored by Economist Impact, entitled “Digital assets as the new alternative for institutional investors: market dynamics, opportunities and challenges,” which highlights institutional traders’ view that digital property are an inevitable institutional alternative. The report additionally finds that 80% of conventional and crypto hedge funds using digital property make use of third-party custodians, highlighting robust demand for segregation of duties associated to commerce execution and asset custody.
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For additional info, please contact:
Media@okx.com
Wasim Benkhadra
Global Communications Lead, Corporate & Investment Banking (CIB)
Head of Communications, UAE, ME & Pakistan and Africa
Standard Chartered
+9714 5083221
wasim.benkhadra@sc.com
Or
Kate Matthews
Communications Director, Europe
Standard Chartered
+44 20 7885 7899
kate.matthews@sc.com
About OKX Institutional
OKX Institutional is a worldwide chief trusted by worldwide companies and counterparties, and gives a strong suite of institutional crypto buying and selling options such as an on-demand OTC liquidity community, structured merchandise and managed accounts. OKX infrastructure is constructed for institutional merchants, with unified account techniques, integration with main custodians and low-latency APIs.
With business main month-to-month Proof-of-Reserves and buying and selling volumes, deep liquidity, and 99.99% uptime, OKX combines top-tier safety with pace and reliability. It affords entry to over 700 spot buying and selling pairs, 280+ derivatives devices, and as much as 125x leverage on main futures contracts.
To be taught extra about OKX Institutional, go to: okx.com/establishments or contact institutional@okx.com to speed up your institutional crypto buying and selling targets.
About Standard Chartered
We are a number one worldwide banking group, with a presence in 53 of the world’s most dynamic markets and serving purchasers in an extra 64. Our function is to drive commerce and prosperity by way of our distinctive variety, and our heritage and values are expressed in our model promise, right here for good.
Standard Chartered PLC is listed on the London and Hong Kong inventory exchanges.
For extra tales and professional opinions, please go to Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.
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