OKX appoints Standard Chartered 29 October 2024UK Reporter: Jack McRae
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OKX has selected Standard Chartered as a third-party crypto custodian for its global institutional business.
The partnership aims to offer institutional investors a broader range of secure and reliable custody solutions.
The firms wish to attract increased institutional participation in the digital asset market and contribute to a more mature environment for institutions globally.
Lennix Lai, OKX’s global chief commercial officer, says: "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."
Margaret Harwood-Jones, global head of financing and securities services at Standard Chartered, adds: "Serving as OKX's third-party custodian allows us to extend our expertise into the evolving cryptocurrency sector, providing institutional investors with the assurance they require."
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