The fourth largest crypto exchange by trading volume announces a new partnership with a prominent international banking giant.
In a new one announcementOKX says it is working with Standard Chartered with the aim of improving custody solutions for institutional clients.
“Today we are pleased to announce that we are officially partnering 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 improve crypto integration with traditional finance while increasing blockchain security and compliance.
In a separate one press releaseOKX Global Chief Commercial Officer Lennix Lai explains why the crypto exchange giant chose Standard Chartered as its 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 align with our goal of providing exceptional crypto services and strengthen our institutional clients’ confidence in the management of their digital assets.”
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