OKX Partners with Standard Chartered to Boost Secure Crypto Custody for Institutions

• OKX partners with Standard Chartered, a leading G-SIB, to offer separate crypto trading and custody for institutional investors.
• 80% of funds using digital assets rely on third-party custodians, highlighting the demand for secure, compliant custodial solutions.
• Standard Chartered’s involvement sets a new standard for secure crypto custody, boosting institutional confidence in digital assets.

OKX has announced a new partnership with Standard Chartered, a leading global bank, to serve as its third-party crypto custodian for institutional clients. This collaboration aims to enhance security and credibility for institutional investors engaging in digital assets. As one of Hong Kong’s major note-issuing banks, Standard Chartered’s involvement marks a pivotal moment in bridging the gap between traditional finance and the crypto sector.

Expanding Secure Crypto Solutions for Institutions

The crypto market has experienced growth, with institutions exploring digital assets beyond speculative investments. OKX’s partnership with Standard Chartered responds to this shift by emphasizing secure and compliant digital asset management. 

The global banking firm, recognized as a systemically important financial institution (G-SIB), is among the first to venture into crypto custody, providing a trusted environment for clients. This collaboration aligns with OKX’s commitment to delivering secure and scalable on-chain solutions.

Notably, the demand for separate custody and trading services has grown among institutions. OKX’s institutional clients can now separate trading from custody, further aligning with global best practices. This move addresses a core need: the assurance of secure custodial services, which remains essential for large-scale participation in the crypto market.

Meeting Market Demand for Third-Party Custodians

OKX’s recent research with Economist Impact reveals that 80% of both traditional and crypto hedge funds using digital assets now rely on third-party custodians. This statistic highlights the increasing necessity for custodial separation. By partnering with Standard Chartered, OKX seeks to meet this demand head-on, delivering a new standard of trust and security in digital asset management.

The bank’s extensive experience in global finance, combined with OKX’s technological capabilities, creates a seamless bridge between traditional financial systems and digital assets. This collaboration aims to make it easier for institutional investors to engage confidently with crypto while adhering to the highest compliance standards.

Digital Assets as a Growing Investment Alternative

Digital assets are no longer seen solely as a speculative opportunity. Instead, they represent an emerging component of diversified portfolios. OKX’s enhanced custodial offerings with Standard Chartered further signal the shift toward greater institutional adoption. With a focus on rigorous security measures, OKX aims to ensure a safe and integrated experience for institutional investors.