DUBAI, UAE, Oct. 29, 2024 /PRNewswire/ — OKX, a number one cryptocurrency change and world onchain expertise firm, as we speak introduced the appointment of Commonplace Chartered, a number one worldwide cross-border financial institution connecting the world’s most dynamic markets, as a third-party crypto custodian for its world institutional enterprise.
The custody settlement with Commonplace Chartered is a big addition to OKX’s complete suite of institutional companies, which incorporates superior buying and selling capabilities, strong danger administration instruments and enhanced custody options. By leveraging Commonplace Chartered’s intensive world banking experience and rigorous danger administration framework, OKX goals to supply institutional buyers a broader vary of safe and dependable custody options.
OKX International Chief Business Officer Lennix Lai stated: “We chosen Commonplace Chartered as an institutional custodian companion to reinforce our providing and speed up the mixing of digital belongings inside the conventional monetary ecosystem. Commonplace Chartered’s intensive world banking experience and unwavering dedication to safety aligns with our goal to supply distinctive crypto companies and reinforces the boldness of our institutional purchasers in managing their digital belongings.”
Commonplace Chartered International Head of Financing & Securities Companies Margaret Harwood-Jones stated “We’re dedicated to providing custodial companies that meet the very 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 buyers 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 not too long ago printed OKX-commissioned analysis temporary authored by Economist Impression, entitled “Digital belongings as the brand new various for institutional buyers: market dynamics, alternatives and challenges,” which highlights institutional buyers’ 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.
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For additional info, please contact:
Media@okx.com
Wasim Benkhadra
International Communications Lead, Company & Funding Banking (CIB)
Head of Communications, UAE, ME & Pakistan and Africa
Commonplace Chartered
+9714 5083221
wasim.benkhadra@sc.com
Or
Kate Matthews
Communications Director, Europe
Commonplace Chartered
+44 20 7885 7899
kate.matthews@sc.com
About OKX Institutional
OKX Institutional is a world chief trusted by worldwide companies and counterparties, and supplies a strong suite of institutional crypto buying and selling options comparable 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 business 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 Commonplace 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 goal is to drive commerce and prosperity by means of our distinctive range, and our heritage and values are expressed in our model promise, right here for good.
Commonplace Chartered PLC is listed on the London and Hong Kong inventory exchanges.
For extra tales and knowledgeable opinions, please go to Insights at sc.com. Comply with Commonplace Chartered on X, LinkedIn, Instagram and Fb.
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