OKX, a cryptocurrency exchange, has teamed up with Standard Chartered to enhance security for institutional investors through reliable third-party custody solutions. This partnership merges OKX’s cryptocurrency expertise with Standard Chartered’s established reputation in traditional banking, aiming to build trust among institutional clients.
The Chief of Security at OKX described this collaboration as a significant step forward, highlighting the critical need for trust and security as more institutional investors venture into the crypto space.
A recent survey indicated that 80% of these investors prefer secure custody options, so OKX is positioning itself to meet this demand and support the growing institutional interest in digital assets.
This alliance also aligns with the strategic goals of both companies. OKX has been expanding its global reach, recently launching operations in the UAE and gaining regulatory approval in Singapore. Its headquarters in Hong Kong places it in key financial markets that are closely connected to Standard Chartered, enhancing the partnership’s strategic importance.
Standard Chartered is increasingly engaging with the crypto world, even predicting a Bitcoin price of $100,000 by 2024 while expanding its own crypto trading services.
Together, OKX and Standard Chartered aim to create a strong foundation for secure custody solutions, setting a new standard in the market as institutional interest in cryptocurrencies continues to grow. While specific technical details of their custody offerings remain under wraps, both companies are dedicated to fostering trust and maintaining top-notch security for their clients.
