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    OKX Partners With Standard Chartered to Bring Bank-Grade Crypto Custody to Europe

    Story Highlights
    • OKX teams up with Standard Chartered to launch Europe’s first bank-grade crypto custody system.

    • Standard Chartered handles custody while OKX manages trading, ensuring safety, trust, and regulatory compliance.

    • Over $100 million already moved through pilot accounts, signaling rising institutional crypto adoption in Europe.

    OKX, one of the world’s biggest crypto exchanges, has partnered with Standard Chartered Bank in a major move to connect traditional banking with the crypto world. 

    The partnership will help OKX grow its institutional business in Europe while adding more safety and trust through Standard Chartered’s regulated custody services.

    OKX Brings Secure Trading to Europe

    Crypto exchange OKX is expanding its institutional digital asset services across the European Economic Area (EEA) through a new partnership with Standard Chartered Bank.  

    The partnership introduces safeguarded collateral mirroring, allowing institutions to hold assets with Standard Chartered while trading on OKX. This setup keeps custody and trading separate, ensuring stronger trust and security.

    OKX Europe CEO Erald Ghoos said the move gives institutions safer, more regulated access to digital assets under Europe’s evolving crypto rules.

    What Sets This Partnership Apart

    OKX and Standard Chartered have become the first to launch a system that lets institutions safely store their crypto with a bank while trading directly on an exchange.

    Key differentiators include:

    Regulatory Frontline: Built within MiCA-compliant European regulatory frameworks, offering institutional investors confidence in future EU legislation.

    Full Value Chain Coverage: Standard Chartered manages custody, while OKX provides liquidity, execution, and settlement, linking banking infrastructure with crypto in a unified, compliant network.

    Bank-Grade Collateralization: Institutional clients can now post tokenized money market funds or crypto holdings held under Standard Chartered as verified collateral for trades on OKX, a first-of-its-kind practice globally.

    Collaboration with Franklin Templeton: The initiative’s early phase integrates tokenized money market funds from Franklin Templeton’s Digital Assets Team, bringing real-world assets (RWAs) directly into active crypto trading channels.

    Institutional Impact: Why It Matters

    Industry insiders note this partnership could become a model for how institutions enter DeFi safely.

    In the past, big funds and companies avoided central exchanges because of custody risks. But with OKX’s new system, assets stay securely in a regulated bank vault while trades happen in real time.

    This setup could attract major players like Brevan Howard Digital, signaling the start of wider institutional adoption across Europe. Reports suggest that over $100 million has already passed through these custodial accounts since the pilot launch.

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    FAQs

    What is the OKX and Standard Chartered partnership?

    This partnership connects a major crypto exchange with a global bank, allowing institutions to securely store crypto with the bank while trading on OKX, merging traditional finance safety with crypto markets.

    Why is the OKX partnership important for crypto in Europe?

    It provides a MiCA-compliant, regulated framework for institutions, boosting confidence and safety. This model is a major step for institutional crypto adoption in Europe.

    Is OKX safe for institutional investors?

    Yes, this partnership provides bank-grade, regulated custody through Standard Chartered, offering institutions a much higher level of security and trust than standard exchange accounts.

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