Standard Chartered and OKX expand partnership to Europe
- Standard Chartered and OKX have announced the expansion of their partnership to the European Economic Area. BTC-ECHO had previously learned of this.
- Following the launch of the joint collateral mirroring program in the United Arab Emirates in April of this year, the cooperation now extends to the EU markets. This is intended to give institutional investors the opportunity to securely trade and hold digital assets under the supervision of a regulated financial institution.
- The Collateral Mirroring Program enables institutional clients to securely deposit assets off-exchange. Standard Chartered acts as an independent, regulated custodian. OKX provides the technical infrastructure for trading and risk management. The expansion to the European Economic Area will enable trading and custody services across the entire value chain – from execution to safe custody.
- Margaret Harwood-Jones, Global Head of Financing and Securities Services at Standard Chartered, explains: “Expanding our custody services into the European Economic Area is an important step in our collaboration with OKX. By combining our established infrastructure with OKX's regulatory framework, we ensure the highest standards of security and compliance for our institutional clients in Europe.”
- Iskandar Vanblarcum, Vice President of Institutional Sales & Business Development at OKX, also emphasized the importance of the EU market: “The combination of our MiCA license with the expansion of our custody cooperation demonstrates our commitment to a fully regulated and trusted market in Europe. MiCA creates clear standards that give institutional clients the confidence to deploy capital safely and efficiently.”
- By entering the EU, both companies are strengthening their position in the European crypto market. Standard Chartered brings decades of experience in global banking, while OKX leverages its technology and regulatory expertise to enable institutional access to digital assets while complying with European regulations.
- In an exclusive interview with BTC-ECHO, OKX's European head reveals his view of the crypto market – and why he no longer expects a Bitcoin bear market until 2034.
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Eine Quelle: btc-echo.de
