Standard Chartered and OKX team up to bring institutional-grade crypto trading to Europe
Banks and exchanges are enhancing security and compliance as institutions gain new regulated avenues for digital asset trading in the EU.
Key Takeaways
- Standard Chartered and OKX are partnering to offer regulated institutional crypto trading in Europe.
- OKX's MiCA license enables secure asset custody and collateralized trading for institutional investors in the EU.
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Standard Chartered has joined forces with OKX to integrate regulated bank custody with crypto trading infrastructure, giving institutional investors a secure and compliant pathway to trade digital assets in Europe, according to a Wednesday announcement.
The companies are extending their existing collateral mirroring and custody partnership from the UAE into the European Economic Area (EEA). The program has accumulated over $100 million in assets under custody since its UAE launch earlier this year.
The collaboration allows clients to custody their assets with Standard Chartered while mirroring those holdings on OKX for real-time trading. The setup enables institutions to use assets as collateral without moving them from regulated bank custody.
OKX’s MiCA license covers 9 of 10 service categories, establishing the exchange as a regulated market operator in the EU.
“The expansion of our custody to the EEA represents a significant milestone in our collaboration with OKX,” said Margaret Harwood-Jones, Global Head of Financing and Securities Services at Standard Chartered. “By leveraging our established custody infrastructure and OKX’s regulatory framework, we are committed to ensuring the highest standards of security and compliance for our institutional clients in Europe.”
“The combination of our MiCA license and the expansion of our custody partnership into the EEA reflects OKX’s commitment to building a trusted and fully regulated marketplace in Europe,” said Iskandar Vanblarcum, Vice President of Institutional Sales & Business Development at OKX. “With MiCA providing clear regulatory standards, we’re giving institutional clients the confidence to deploy capital securely, while leveraging innovative solutions like collateral mirroring to trade more efficiently in a safeguarded environment.”
