DUBAI, UAE, Oct. 29, 2024 /PRNewswire/ — OKX, a number one cryptocurrency trade and international onchain expertise firm, immediately introduced the appointment of Customary Chartered, a number one worldwide cross-border financial institution connecting the world’s most dynamic markets, as a third-party crypto custodian for its international institutional enterprise.
The custody settlement with Customary Chartered is a major addition to OKX’s complete suite of institutional companies, which incorporates superior buying and selling capabilities, sturdy threat administration instruments and enhanced custody options. By leveraging Customary Chartered’s in depth international banking experience and rigorous threat administration framework, OKX goals to supply institutional traders a broader vary of safe and dependable custody options.
OKX World Chief Industrial Officer Lennix Lai mentioned: “We chosen Customary Chartered as an institutional custodian companion to boost our providing and speed up the mixing of digital belongings inside the conventional monetary ecosystem. Customary Chartered’s in depth international banking experience and unwavering dedication to safety aligns with our goal to offer distinctive crypto companies and reinforces the arrogance of our institutional purchasers in managing their digital belongings.”
Customary Chartered World Head of Financing & Securities Providers Margaret Harwood-Jones mentioned “We’re dedicated to providing custodial companies that meet the best requirements of security and compliance. Serving as OKX’s third-party custodian permits us to increase our experience into the evolving cryptocurrency sector, offering institutional traders with the reassurance they require.”
This collaboration is anticipated to draw elevated institutional participation within the digital asset market, contributing to a extra mature surroundings for establishments globally. It aligns with the findings of a lately revealed OKX-commissioned analysis temporary authored by Economist Impression, entitled “Digital belongings as the brand new various for institutional traders: market dynamics, alternatives and challenges,” which highlights institutional traders’ view that digital belongings are an inevitable institutional alternative. The report additionally finds that 80% of conventional and crypto hedge funds using digital belongings make use of third-party custodians, highlighting sturdy demand for segregation of duties associated to commerce execution and asset custody.
— ENDS —
For additional info, please contact:
Media@okx.com
Wasim Benkhadra
World Communications Lead, Company & Funding Banking (CIB)
Head of Communications, UAE, ME & Pakistan and Africa
Customary Chartered
+9714 5083221
wasim.benkhadra@sc.com
Or
Kate Matthews
Communications Director, Europe
Customary Chartered
+44 20 7885 7899
kate.matthews@sc.com
About OKX Institutional
OKX Institutional is a worldwide chief trusted by worldwide companies and counterparties, and supplies a strong suite of institutional crypto buying and selling options similar to an on-demand OTC liquidity community, structured merchandise and managed accounts. OKX infrastructure is constructed for institutional merchants, with unified account programs, integration with main custodians and low-latency APIs.
With trade main month-to-month Proof-of-Reserves and buying and selling volumes, deep liquidity, and 99.99% uptime, OKX combines top-tier safety with velocity and reliability. It provides entry to over 700 spot buying and selling pairs, 280+ derivatives devices, and as much as 125x leverage on main futures contracts.
To be taught extra about OKX Institutional, go to: okx.com/establishments or contact institutional@okx.com to speed up your institutional crypto buying and selling goals.
About Customary Chartered
We’re a number one worldwide banking group, with a presence in 53 of the world’s most dynamic markets and serving purchasers in an additional 64. Our objective is to drive commerce and prosperity by our distinctive range, and our heritage and values are expressed in our model promise, right here for good.
Customary Chartered PLC is listed on the London and Hong Kong inventory exchanges.
For extra tales and professional opinions, please go to Insights at sc.com. Comply with Customary Chartered on X, LinkedIn, Instagram and Fb.
Emblem – https://mma.prnewswire.com/media/2014295/OKX_Logo_Logo.jpg
View authentic content material:https://www.prnewswire.co.uk/news-releases/okx-names-standard-chartered-as-an-institutional-third-party-custody-partner-302289798.html
Featured Picture: depositphotos @ BiancoBlue
