OKX announced the expansion of its custody partnership with Standard Chartered into the European Economic Area, according to an official statement. The model enables institutions to trade on OKX while retaining custody of their assets with the bank, extending a structure first launched in the UAE earlier this year.
Institutional clients will be able to mirror balances held at Standard Chartered — a Global Systemically Important Bank — directly on OKX for trading. This setup reduces counterparty risk and reflects a growing institutional preference for separating trading activity from asset custody, especially after the 2022 FTX collapse.
OKX stated that its MiCA regulatory license in Europe gives institutions clarity to deploy capital under a familiar compliance framework. Standard Chartered highlighted that combining its custody infrastructure with OKX’s access to liquidity aims to deliver secure digital asset services aligned with traditional finance standards. The company anticipates updates on institutional onboarding in the coming weeks as the partnership scales across European jurisdictions.
Source:https://www.okx.com/en-gb/learn/standard-chartered-partnership-european-expansion
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