OKX announces Standard Chartered Bank as its third-party custodial partner
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OKX announces Standard Chartered Bank as its third-party custodial partner
Global leading cryptocurrency exchange and Web3 technology company OKX announced that Standard Chartered Bank serves as the third-party digital asset custodian for its global institutional business.
Navigating Web3 tides with focused insightsAuthor: OKX
On October 29, OKX, a leading global digital asset exchange and Web3 technology company, announced that Standard Chartered Bank has been appointed as the third-party digital asset custodian for its global institutional business. Standard Chartered is a leading international cross-border banking group connecting major global markets.
OKX offers comprehensive services to institutional clients, including advanced trading capabilities, robust risk management tools, and enhanced custody solutions. This new custodial agreement with Standard Chartered strengthens these offerings. By leveraging Standard Chartered’s extensive global banking experience and rigorous risk management framework, OKX aims to provide institutional investors with more secure and reliable custody options.
Lennix Lai, Global Chief Commercial Officer at OKX, said: “We chose Standard Chartered as our institutional custody partner to enhance our service offering and advance deeper integration between digital assets and traditional financial ecosystems. Their deep expertise in global banking and strong commitment to security align closely with OKX’s mission to deliver exceptional digital asset services, helping boost institutional confidence in digital asset management.”
Margaret Harwood-Jones, Head of Global Funding & Securities Services at Standard Chartered, said: “We are committed to delivering custody services that meet the highest standards of security and compliance. As OKX’s third-party custodian, we can apply our expertise to the evolving digital currency space, supporting institutional investors with trusted infrastructure.”
This collaboration is expected to attract more institutions into the digital asset market, creating a more mature environment for global institutional participation. These developments align with findings from the recently published research report “Digital Assets as the New Alternative for Institutional Investors: Market Dynamics, Opportunities and Challenges”, commissioned by OKX and authored by Economist Impact. The report highlights that institutional investors view digital assets as an opportunity they cannot afford to miss. It also reveals that 80% of both traditional and crypto hedge funds using digital assets opt for third-party custodians, underscoring a strong demand for separation between trade execution and asset custody.
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For further information, please contact:
[email protected]
Wasim Benkhadra
Global Head of Media, Corporate & Investment Banking (CIB)
Head of Media, UAE, Middle East, Pakistan & Africa
Standard Chartered Bank
+9714 5083221
or
Kate Matthews
Director of Media, Europe
Standard Chartered Bank
+44 20 7885 7899
About OKX Institutional
OKX Institutional is a leading global institutional-grade digital asset trading platform trusted by international corporations and peer institutions. We offer institutions a suite of powerful trading solutions, including on-demand OTC liquidity networks, structured products, and custody accounts. Our infrastructure is built for institutional traders, featuring a unified account system and seamless integration with top-tier custodians and low-latency APIs.
OKX maintains industry-leading monthly proof-of-reserves reports and trading volumes, with abundant platform liquidity and 99.99% uptime, ensuring an optimal balance of security, speed, and reliability. OKX offers over 700 spot trading pairs and more than 280 derivatives products, with up to 125x leverage available on leading contracts.
For more information about OKX Institutional, visit https://www.okx.com/zh-hans/institutions or email [email protected] to help your institution accelerate its digital asset trading goals.
About Standard Chartered
Standard Chartered is a leading international banking group with a presence in 53 of the world’s most dynamic markets, serving customers from 64 markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are reflected in our brand promise, “Here for good”.
Standard Chartered Group Limited is listed on the London and Hong Kong Stock Exchanges.
For additional case studies and expert insights, visit the Insights section at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram, and Facebook.
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