OKX and Standard Chartered Expand Institutional Crypto Services to Europe
Key Highlights:
- OKX and Standard Chartered have expanded their partnership to the European Economic Area (EEA), providing institutional clients access to a regulated digital asset trading framework.
- Clients can hold digital assets with Standard Chartered as a regulated custodian, with assets mirrored as collateral on the OKX platform. This setup addresses counterparty risk for institutional investors.
- The collaboration operates under OKX's comprehensive Markets in Crypto-Assets (MiCA) license, covering nine of ten service categories, establishing it as a fully regulated entity in the EU.
- The partnership's European expansion follows a successful launch in the UAE, with over $100 million in assets under custody and clients like Brevan Howard Digital onboarded.
- Standard Chartered is integrating digital assets into its services and has launched its own crypto trading desk for institutional clients.
- Standard Chartered maintains a positive outlook on the market, with predictions of significant price growth for Bitcoin (BTC) driven by institutional demand.
- OKX aims to enhance its platform through upgrades like the X Layer, optimizing the network for DeFi applications.
- The partnership offers a structured and secure solution for institutional clients in the EEA to engage in the digital asset market.