OKX teams up with Standard Chartered to provide secure custody solutions for institutions
OKX teams up with Standard Chartered to provide secure custody solutions for institutions
OKX, a leading cryptocurrency exchange, has announced a strategic partnership with Standard Chartered to enhance its crypto custody services, aiming to provide more secure and regulated solutions for institutional clients.
This collaboration marks a significant step in integrating traditional banking expertise with digital asset management, reflecting the growing trend of established financial institutions entering the crypto space to support digital asset security and compliance, reports BeInCrypto.
Through this partnership, OKX will leverage Standard Chartered's expertise in asset custody and risk management to offer clients a highly secure storage solution for their digital assets. The collaboration is expected to appeal particularly to institutional investors who prioritize stringent security measures and regulatory compliance when engaging with cryptocurrency markets. By joining forces, OKX and Standard Chartered hope to bridge the gap between traditional finance and digital assets, making it easier for institutions to adopt crypto through a familiar, regulated framework.
The partnership also underscores the increasing demand from institutions for robust custodial services that can mitigate the risks associated with managing and storing cryptocurrencies. As more institutional investors enter the crypto space, secure custody solutions are essential for minimizing risks related to theft, loss, and regulatory concerns.
OKX and Standard Chartered’s joint efforts could set a new standard for crypto custody, aligning digital asset services with the high standards of traditional banking. This move is likely to attract additional institutional investors to OKX, reinforcing its position as a global crypto leader while strengthening trust in the industry’s security standards.
Recently we wrote, that OKX has announced the delisting of several trading pairs as part of its ongoing effort to ensure a secure and high-quality trading environment.
