Standard Chartered and OKX partner to enable cryptocurrency trading for institutional investors in Europe

Standard Chartered has partnered with OKX to integrate regulated bank custodianship and crypto trading infrastructure to provide institutional investors with a secure and compliant route to trade digital assets in Europe, according to an announcement on Wednesday.

The companies will expand their existing collateral mirroring and custody partnership from the UAE to the European Economic Area (EEA). The program has amassed over $100 million in assets under custody since its launch in the UAE earlier this year.

This integration will allow clients to store their assets at Standard Chartered while mirroring their holdings to OKX for real-time trading. This setup allows financial institutions to use assets as collateral without having to move them from regulated bank custody.

OKX’s MiCA license covers 9 out of 10 service categories and establishes the exchange as a regulated market operator in the EU.

Margaret Harwood-Jones, Global Head of Financial and Securities Services at Standard Chartered, said: “Expanding our custody reach into the EEA is an important milestone in our collaboration with OKX.” “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 customers in Europe.”

“The combination of our MiCA license and the expansion of our custodial partnership into the EEA reflects OKX’s commitment to building a trusted and fully regulated market in Europe,” said Iskandar Vanbrakam, Vice President of Institutional Sales and Business Development at OKX. “With MiCA providing clear regulatory standards, we are giving our institutional clients the confidence to safely deploy their capital, while leveraging innovative solutions such as collateral mirroring to enable them to trade more efficiently in a secure environment.”