The fourth-largest crypto exchange by trading volume is announcing a new partnership with a prominent international banking giant.
In a new announcement, OKX says it is collaborating with Standard Chartered with the aim of enhancing custodial solutions for institutional clients.
“Today we were pleased to announce that we’ve officially partnered with Standard Chartered, a leading international cross-border bank, as our third-party crypto custodian for institutional clients. This milestone reflects our commitment to security, innovation, and the future of digital assets.”
According to the press release, Standard Chartered will act as a third-party custodian for institutional crypto clients at OKX. The partnership aims to enhance crypto integration with traditional finance while also increasing blockchain security and compliance.
In a separate press release, OKX Global Chief Commercial Officer Lennix Lai explains why the crypto exchange giant chose Standard Chartered as a partner.
“We selected Standard Chartered as an institutional custodian partner to enhance our offering and accelerate the integration of digital assets within the traditional financial ecosystem. Standard Chartered’s extensive global banking expertise and unwavering commitment to security aligns with our objective to provide exceptional crypto services and reinforces the confidence of our institutional clients in managing their digital assets.”
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