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5h ago

Standard Chartered–OKX Collateral-Mirroring Program Launches Across the EEA

MiCA-based design keeps client assets at a G‑SIB to cut exchange counterparty risk.

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Okx and standard chartered programme expands into eea
Standard chartered steps in as okx eea custodian after securing eu crypto license
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Overview

  • Institutional clients can trade on OKX as balances are mirrored in real time while assets stay in Standard Chartered’s custody.
  • The EEA rollout follows an April launch in the UAE, where the program has reported more than $100 million in assets under custody.
  • OKX operates under a Markets in Crypto-Assets authorization covering nine of ten service categories, enabling cross-EEA services.
  • Early institutional adoption includes clients such as Brevan Howard Digital, according to company disclosures.
  • OKX’s recent fines in Malta (€1.1 million for AML failings) and the Netherlands (€2.25 million for unregistered services) underscore ongoing regulatory scrutiny of controls.