OKX Adds Standard Chartered as Third-Party Crypto Custodian for Institutional Investors

Crypto exchange OKX has announced a partnership with Standard Chartered, appointing the banking giant as a third-party crypto custodian for its institutional services. The partnership is set to enhance OKX’s offerings, which already include advanced trading capabilities, robust risk management tools, and enhanced custody solutions tailored for institutional investors, the platform said in a Tuesday announcement.

OKX said the addition of Standard Chartered is expected to boost the security and reliability of its custody solutions. The exchange said it aims to attract more institutional investors seeking secure asset management options by leveraging Standard Chartered’s extensive banking expertise and rigorous risk management framework.

“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,” Lennix Lai, Global Chief Commercial Officer at OKX, said. “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.”