Crypto exchange OKX has partnered with global banking leader Standard Chartered to provide institutional clients with advanced segregated custody solutions for digital assets. This collaboration addresses the growing demand for secure, institutional-grade custody services in the cryptocurrency sector.
Key Highlights of the Partnership
- Third-Party Custodian: Standard Chartered will serve as OKX’s dedicated custodian, ensuring compliance and security for institutional investors.
- Segregated Storage: Clients gain access to independent custody solutions, separating trading from asset safekeeping.
- Market Expansion: The alliance aims to boost institutional participation in crypto, fostering a mature ecosystem.
Rising Institutional Demand for Crypto Custody
OKX’s research reveals that 80% of traditional and crypto hedge funds leveraging digital assets rely on third-party custodians. Margaret Harwood-Jones, Standard Chartered’s Global Head of Financing & Securities Services, emphasized the bank’s role in bridging traditional finance with crypto:
“By extending our custody expertise to the cryptocurrency sector, we provide institutional investors the trust and infrastructure required for seamless adoption.”
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Standard Chartered’s Crypto Sector Focus
This partnership aligns with the bank’s broader strategy to deepen its involvement in digital assets:
- Hong Kong Crypto ETFs: In August, Standard Chartered’s Mox Bank became the first virtual bank in Hong Kong to offer spot crypto ETFs for retail investors.
- Stablecoin Sandbox: The Hong Kong Monetary Authority (HKMA) selected the bank as a participant in its stablecoin sandbox, exploring fiat-backed digital currency issuance.
FAQs
Why is segregated custody critical for institutional crypto investors?
Segregated custody ensures assets are held independently from trading platforms, mitigating risks like exchange hacks or mismanagement.
How does this partnership benefit OKX clients?
Institutions gain access to Standard Chartered’s regulated custody framework, combining OKX’s trading liquidity with bank-level security.
What other crypto initiatives has Standard Chartered pursued?
Beyond custody, the bank supports crypto ETFs and stablecoin development, positioning itself as a bridge between traditional finance and Web3.
👉 Learn more about institutional crypto custody
Conclusion
The OKX-Standard Chartered collaboration marks a significant step toward institutional crypto adoption, offering scalable custody solutions tailored for hedge funds, asset managers, and enterprises. As digital assets become integral to investment portfolios, such partnerships underscore the sector’s maturation.
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