Global digital asset trading and Web3 technology leader OKX has announced a strategic partnership with Standard Chartered Bank, appointing the international banking giant as its third-party digital asset custodian for institutional clients worldwide. This collaboration marks a significant milestone in bridging traditional finance with the digital asset ecosystem.
Strengthening Institutional-Grade Custody Solutions
The partnership enhances OKX's comprehensive suite of institutional services, which includes:
- Advanced trading functionalities
- Robust risk management tools
- Upgraded custody solutions
By leveraging Standard Chartered's:
✔ Global banking expertise
✔ Stringent risk management framework
✔ Established regulatory compliance
OKX aims to provide institutional investors with more secure and reliable custody alternatives in the digital asset space.
👉 Discover institutional crypto solutions tailored for professional investors.
Executive Perspectives on the Partnership
Lennix Lai, OKX Global Chief Commercial Officer, commented:
"Our selection of Standard Chartered as custody partner reflects our commitment to service optimization and deeper integration between digital assets and traditional finance. Their global banking experience and security-first approach perfectly align with OKX's mission to deliver exceptional digital currency services."
Margaret Harwood-Jones, Standard Chartered's Global Head of Financing and Securities Services, added:
"We're proud to extend our custodial expertise to the evolving digital asset sector. Partnering with OKX allows us to support institutional investors with solutions meeting the highest security and compliance standards."
Institutional Adoption Trends in Digital Assets
This collaboration arrives amid growing institutional interest, as highlighted by OKX-commissioned research from Economist Impact. Key findings include:
| Metric | Percentage | Significance |
|---|---|---|
| Traditional/digital hedge funds using crypto | 80% | Prefer third-party custodians |
| Institutional investors viewing crypto as essential | 67% | See it as a must-have opportunity |
The report, Digital Assets as the New Alternative for Institutional Investors, underscores strong demand for:
- Separation of trading and custody functions
- Regulated custodial solutions
- Institutional-grade infrastructure
FAQ: Institutional Digital Asset Custody
Q: Why do institutions prefer third-party custodians?
A: Third-party custody ensures proper asset segregation, reduces counterparty risk, and meets compliance requirements that institutional investors prioritize.
Q: How does this partnership benefit OKX's institutional clients?
A: Clients gain access to Standard Chartered's bank-grade security while utilizing OKX's trading platform, combining best-in-class execution with institutional custody.
Q: What regulatory standards does Standard Chartered's custody solution meet?
A: The bank adheres to global financial regulations including anti-money laundering (AML) and know-your-customer (KYC) requirements across all jurisdictions.
Q: Are digital assets becoming mainstream for institutions?
A: Yes. The OKX/Economist Impact report shows 73% of surveyed institutions plan to increase crypto allocations, signaling accelerating adoption.
👉 Explore institutional crypto custody options with OKX and Standard Chartered.
Risk Disclosure
Cryptocurrency investments carry substantial risk, with prices subject to high volatility. Investors may lose their entire principal. Carefully consider your risk tolerance before investing.