Standard Chartered will become a third-party custodial service for OKX’s institutional clients, according to a press release. The partnership should expand the integration of cryptocurrencies into the traditional financial system, as well as improve reliability and regulatory compliance.
“We are pleased to announce a formal partnership with Standard Chartered, a leading international cross-border bank. It will become a third-party cryptocurrency custodial service for our corporate clients. This is an important step that shows our commitment to security, innovation and development of digital assets,” OKX said in a press release.
The exchange’s commercial director, Lennix Lai, emphasized that Standard Chartered has extensive banking experience and excellent security expertise.
In early October, OKX launched a cryptocurrency platform for retail and institutional investors in the UAE.
Source: Bits
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