- OKX pronounces partnership with Commonplace Chartered to supply crypto custody companies to institutional purchasers.
- Commonplace Chartered has a powerful presence within the crypto business.
- A buying and selling desk and custody resolution are amongst its prime options.
OKX has partnered with Commonplace Chartered in a collaboration that can see the banking big grow to be the crypto trade’s official third-party crypto custodian.
Particularly, Commonplace Chartered is now the crypto custodian for OKX’s institutional purchasers.
We’re difficult the established order and constructing for the long run.
To reinforce our providing, we’ve partnered with @StanChart as our third-party custodian for institutional purchasers.
Extra on our dedication to safety and innovation in crypto: https://t.co/jFrF5lCnsq pic.twitter.com/FNiAD3U2KW
— OKX (@okx) October 29, 2024
OKX eyes additional institutional adoption of crypto
In line with OKX chief industrial officer Lennix Lai, the partnership is a part of the crypto trade’s continued evolution into one of many world’s prime crypto firms. Commonplace Chartered will assist the trade supply its institutional clients a platform to securely enter the rising digital belongings market.
The partnership permits purchasers the choice of separating their buying and selling from custody, Lai added.
“Our institutional services already include advanced trading features, robust risk management tools, and custody solutions. Adding Standard Chartered to our custody offerings allows us to integrate digital assets more seamlessly into the traditional financial ecosystem, making it easier for institutional players to engage confidently in this space.”
Collaboration with OKX provides to Commonplace Chartered’s rising footprint within the crypto area. Its current growth contains the launch of a digital asset custody resolution within the United Arab Emirates. The financial institution’s crypto custody service permits institutional purchasers to custody Bitcoin (BTC) and Ethereum (ETH), with extra belongings to be added.
Notably, Commonplace Chartered additionally provides a spot crypto buying and selling desk, and has a footprint within the Ethereum exchange-traded fund market.
