OKX, the fourth largest crypto exchange by trading volume, has partnered with Standard Chartered. As per the press release, Standard Chartered will act as the third-party custodian for OKX’s institutional clients. This move underscores the integration between Crypto and TradFi, ensuring a critical bridge exists between the two financial worlds.
OKX and Standard Chartered believe this collaboration will address the demand for secure, regulated custody services. Institutional investors have increasingly come to view digital assets as a viable investment class, and OKX is committed to meeting those expectations.
Benefits of the OKX and Standard Chartered Strategic Partnership
The OKX partnership with Standard Chartered not only means secure custody but also gives institutional clients the confidence to deal with digital assets. Under this collaboration, institutions can separate trading from custody, a practice in step with evolving industry standards.
Recent OKX internal research shows that 80% of institutional investors already use third-party custodians for their digital assets. Standard Chartered’s involvement simply furthers OKX’s ability to meet this demand, providing a seamless way to integrate digital assets into traditional financial frameworks.
In the press release, Lai further emphasized the importance of this collaboration in setting new benchmarks. He stated, “What excites me most about this partnership is the signal it sends to the market. Standard Chartered’s involvement means we’re not just offering another crypto custody solution but setting a new standard. Institutional investors want assurance, and by teaming up with such a reputable bank, we’re giving them exactly that.”
Growing Institutional Interest in Crypto Custody
The rapid growth of institutional crypto investment has created a need for reliable custody solutions. As digital assets move from speculative tools to essential portfolio components, institutions require trusted platforms to manage their assets safely. OKX predicted this shift and built infrastructure to support institutional investors’ crypto adoption.
By doing so, Standard Chartered actively deepens its involvement in the crypto space. The bank had earlier, in 2024, predicted that Bitcoin’s price would reach $100,000 and hence has had very optimistic views about digital assets. It has expanded its trading capabilities in crypto to cater to the increasing demand for such services by institutional clients.
OKX’s collaboration with Standard Chartered positions both firms at the forefront of best practices in the sector. As more institutions adopt digital assets, third-party custody will become an integral component of this nascent ecosystem.
OKX’s Global Expansion Supports the Partnership
The partnership between OKX and Standard Chartered fits seamlessly into OKX’s broader strategy to increase its global presence. The exchange recently launched operations in the UAE, further extending its reach in the Middle East. OKX also received a green light to operate in Singapore, cementing its credibility in one of the world’s key financial capitals.
According to Lai, “The partnership is part of our larger vision of bridging the gap between traditional finance and the digital asset world by giving clients a choice to separate trading from custody.” This collaboration allows both firms to offer integrated services for institutional clients across multiple jurisdictions.
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