- OKX declares partnership with Normal Chartered to supply crypto custody companies to institutional shoppers.
- Normal Chartered has a powerful presence within the crypto sector.
- A buying and selling desk and a custody resolution are amongst its finest options.
OKX has partnered with Normal Chartered in a collaboration that can see the banking large turn out to be the official third-party custodian of the crypto change.
Particularly, Normal Chartered is now the cryptocurrency custodian for OKX's institutional shoppers.
We problem the established order and construct the long run.
To enhance our providing, we’ve got partnered with @StanChart as a third-party custodian for institutional shoppers.
Be taught extra about our dedication to crypto safety and innovation: https://t.co/jFrF5lCnsq pic.twitter.com/FNiAD3U2KW
-OKX (@okx) October 29, 2024
OKX eyes additional institutional adoption of crypto
In response to OKX Chief Industrial Officer Lennix Lai, the partnership is a part of the cryptocurrency change's continued evolution to turn out to be one of many largest cryptocurrency firms on the planet. Normal Chartered will assist the change present its institutional shoppers with a platform to securely entry the rising digital property market.
The partnership supplies prospects with the flexibility to separate their transactions from custody, Lai added.
“Our institutional companies already embody superior buying and selling options, sturdy threat administration instruments and custody options. The addition of Normal Chartered to our custody choices permits us to combine digital property extra seamlessly into the normal monetary ecosystem, making it simpler for institutional gamers to have interaction with confidence on this house.
The collaboration with OKX provides to Normal Chartered’s rising footprint within the crypto house. Its latest enlargement consists of the launch of a digital asset custody resolution within the United Arab Emirates. The financial institution's crypto custody service permits institutional shoppers to carry Bitcoin (BTC) and Ethereum (ETH), with extra property so as to add.
Notably, Normal Chartered additionally presents a spot crypto buying and selling desk and has a footprint within the Ethereum exchange-traded fund market.
