OKX announced it’s expanding its crypto custody partnership with Standard Chartered into the European Economic Area (EEA). Originally established in UAE, the service allows institutional clients to keep their assets with a global systemically important bank (G-SIB) while “mirroring” those balances into OKX for trading while reducing counterparty risk, strengthening asset security, and trading with greater confidence.
Margaret Harwood-Jones, global head of Financing and Securities Services at Standard Chartered, said in written commentary that this expansion is about leveraging the bank’s established custody infrastructure alongside its regulatory framework to ensure the highest standards of security and compliance for institutional clients in Europe.
Erald Ghoos, CEO for OKX Europe, wrote that the Markets in Crypto-Assets regulation (MiCA) provides clarity and certainty, which gives institutional clients the confidence to deploy capital securely.
“By pairing this with innovative solutions like collateral mirroring, we’re helping clients trade more efficiently in a safeguarded environment,” Ghoos wrote.