OKX Selects Standard Chartered To Safeguard Institutional Digital Assets
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
OKX announced that it has chosen Standard Chartered as its separate digital currency custodian for its global investment clients. This means Standard Chartered will be in charge of guarding OKX’s assets for big investors. Standard Chartered connects markets all around the world with its financial services.
According to the update, the new agreement aims to benefit OKX’s customers, especially those who invest a lot of money. OKX will now offer more services, like special tools for trading, ways to manage risks, and safe storage for digital assets. The company wants to use Standard Chartered’s banking skills to improve how it keeps assets safe.
Standard Chartered Seeks To Ensure High Security And Adherence In Its Custodial Services
Margaret Harwood-Jones, who is in charge of Financing & Securities Services at Standard Chartered, said the firm is committed to offering custodial services that meet the highest standards of safety and compliance. She noted that being the custodian for OKX allows Standard Chartered to share its skills in the growing world of cryptocurrency. This shows its promise to keep digital assets secure.
Along with the latest partnership, OKX has launched its trading platform in the United Arab Emirates (UAE). This happened after the company got a full license from the UAE’s Virtual Assets Regulatory Authority. Now, both daily and big investors in the UAE can use this trading platform.
The purpose of the partnership between OKX and Standard Chartered is to encourage more institutions to explore digital assets. This effort relates to a report by OKX called Digital Assets as the New Alternative for Institutional Investors. The report shows that many organizations see digital assets as a smart option for investing money.
According to the report, 80% of hedge funds that invest in digital assets use third-party custodians. This shows there is a strong need for safe ways to trade and keep assets secure. The data shows that security is very important in the cryptocurrency world.
The Latest Partnership Helps Build Trust Among Big Investors In Managing Digital Assets
Lennix Lai, Global Chief Commercial Officer at OKX, spoke about the latest alliance. He said Standard Chartered’s extensive global banking expertise and commitment to security aligns with OKX’s goal of providing top-notch cryptocurrency services. He added that this partnership helps build trust among big investors in managing their digital assets.
Standard Chartered Plc offers different financial services for people and businesses. The bank provides personal banking for individuals and business banking for companies. According to the update, the company provides many ways to invest money for those who want to increase their savings.
The agreement between OKX and Standard Chartered is an important step in the cryptocurrency sector. It emphasizes the need for safety and helps build trust with investors. This alliance aims to raise the use of digital assets and marks a significant moment in the evolving cryptocurrency landscape.
