💰 Strategic Alliance: Standard Chartered 🇬🇧 to Serve as External Custodian for OKX's Institutional Crypto Investors 🇨🇳

💰 Strategic Alliance: Standard Chartered 🇬🇧 to Serve as External Custodian for OKX's Institutional Crypto Investors 🇨🇳

Standard Chartered, a UK-based financial institution, offers banking and treasury services, with approximately 90% of its revenue generated from Asia, Africa, and the Middle East, rather than the EU.

▶️ According to OKX representatives, this partnership aims to attract more institutional investors by leveraging Standard Chartered's vast banking expertise and robust risk management capabilities.

▶️ The newly launched custody service, initially supporting Bitcoin and Ethereum, is part of Standard Chartered'sbroader strategy to expand its digital asset offerings.

▶️ Key Insight: A recent study commissioned by OKX reveals that 80% of traditional and crypto hedge funds rely on external custodians to manage their digital assets. #news #crypto #China

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