Market News

OKX and Standard Chartered Forge New Paths for Institutional Crypto Custody in the EU

OKX has expanded its partnership with Standard Chartered into the European Economic Area (EEA), enhancing crypto custody for institutional clients.

This collaboration introduces a collateral mirroring program that allows clients to securely store assets with Standard Chartered while trading those balances on OKX.

By integrating banking-grade custody with exchange-level access, the initiative aims to significantly reduce counterparty risks associated with crypto trading.

The partnership not only reflects growing regulatory confidence but also aligns with the Markets in Crypto-Assets (MiCA) regulatory framework recently adopted in Europe.

Erald Ghoos, CEO of OKX Europe, emphasized that this collaboration marks a pivotal moment in merging traditional financial safeguards with digital asset trading.

Margaret Harwood-Jones, Global Head at Standard Chartered, reiterated the importance of delivering secure and compliant solutions for institutional investors.

The move is particularly significant given the heightened regulatory scrutiny following the high-profile collapse of FTX last year.

OKX's commitment to transparency is bolstered by its recent MiCA license, allowing for greater institutional capital deployment in Europe.

This strategic partnership not only enhances investor trust but also signals a maturation of the digital asset market under regulatory oversight.

As traditional finance increasingly embraces digital currencies, initiatives like this pave the way for broader acceptance and safer investment practices in the crypto landscape.