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OKX Names Standard Chartered as an Institutional Third-Party Custody Partner

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DUBAI, UAE, Oct. 29, 2024 /PRNewswire/ — OKX, a leading cryptocurrency exchange and global onchain technology company, today announced the appointment of Standard Chartered, a leading international cross-border bank connecting the world’s most dynamic markets, as a third-party crypto custodian for its global institutional business.

The custody agreement with Standard Chartered is a significant addition to OKX’s comprehensive suite of institutional services, which includes advanced trading capabilities, robust risk management tools and enhanced custody solutions. By leveraging Standard Chartered’s extensive global banking expertise and rigorous risk management framework, OKX aims to offer institutional investors a broader range of secure and reliable custody solutions.

OKX Global Chief Commercial Officer Lennix Lai said: “We selected Standard Chartered as an institutional custodian partner to enhance our offering and accelerate the integration of digital assets within the traditional financial ecosystem. Standard Chartered’s extensive global banking expertise and unwavering commitment to security aligns with our objective to provide exceptional crypto services and reinforces the confidence of our institutional clients in managing their digital assets.”

Standard Chartered Global Head of Financing & Securities Services Margaret Harwood-Jones said “We are committed to offering custodial services that meet the highest standards of safety and compliance. Serving as OKX’s third-party custodian allows us to extend our expertise into the evolving cryptocurrency sector, providing institutional investors with the assurance they require.”

This collaboration is expected to attract increased institutional participation in the digital asset market, contributing to a more mature environment for institutions globally. It aligns with the findings of a recently published OKX-commissioned research brief authored by Economist Impact, entitled “Digital assets as the new alternative for institutional investors: market dynamics, opportunities and challenges,” which highlights institutional investors’ view that digital assets are an inevitable institutional opportunity. The report also finds that 80% of traditional and crypto hedge funds utilizing digital assets employ third-party custodians, highlighting strong demand for segregation of duties related to trade execution and asset custody.

— ENDS —

For further information, please contact:
[email protected] 

Wasim Benkhadra
Global Communications Lead, Corporate & Investment Banking (CIB)
Head of Communications, UAE, ME & Pakistan and Africa
Standard Chartered
+9714 5083221
[email protected] 

Or

Kate Matthews
Communications Director, Europe
Standard Chartered
+44 20 7885 7899
[email protected]

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About OKX Institutional

OKX Institutional is a global leader trusted by international firms and counterparties, and provides a powerful suite of institutional crypto trading solutions such as an on-demand OTC liquidity network, structured products and managed accounts. OKX infrastructure is built for institutional traders, with unified account systems, integration with leading custodians and low-latency APIs.

With industry leading monthly Proof-of-Reserves and trading volumes, deep liquidity, and 99.99% uptime, OKX combines top-tier security with speed and reliability. It offers access to over 700 spot trading pairs, 280+ derivatives instruments, and up to 125x leverage on leading futures contracts.

To learn more about OKX Institutional, visit: okx.com/institutions or contact [email protected] to accelerate your institutional crypto trading objectives.

About Standard Chartered

We are a leading international banking group, with a presence in 53 of the world’s most dynamic markets and serving clients in a further 64. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good.

Standard Chartered PLC is listed on the London and Hong Kong stock exchanges.

For more stories and expert opinions, please visit Insights at sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and Facebook.

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Oxford don Levy’s VC-think-tank Blue Capital announces Hon. Hugh E. Powell as Partner

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Powell is former Advisor to UK Prime Minister David Cameron.

SAN FRANCISCO, Jan. 6, 2025 /PRNewswire/ — Blue Capital, the VC-think-tank firm, has appointed The Honorable Hugh E. Powell as Partner. Powell has served as Advisor for more than a year, providing strategic guidance and now accepts this enhanced role.

“We are enthusiastic to welcome Hugh as Partner,” said Matthew Chase Levy, General Partner of Blue Capital. “His expertise and capabilities will be invaluable as we continue to identify and support the most promising efforts in the sector. Hugh is deeply aligned with our mission to accelerate the transition to a more powerful and secure energy future. I have personally learned a great deal from him during his time advising and look forward to our greater partnership.”

The Hon. Hugh E. Powell brings diplomatic acumen and strategic insight to Blue Capital. As the former Deputy National Security Advisor of the UK under Prime Minister Lord David Cameron, he possesses a deep understanding of the geopolitical landscape and the critical role of energy security in global stability. His experience in navigating complex international relations has been instrumental in guiding Blue Capital’s investment strategy and fostering partnerships across borders. Powell served in Helmand, Afghanistan, and previously in the embassies in Berlin and Paris. He also spent 4 years as an adviser to Macquarie Bank. “I am deeply honored to join Blue Capital as a Partner,” said Powell. “Matthew and the team have built something truly special – a firm with not only a clear vision for the future of energy but also the expertise and network to make that vision a reality.”

Blue Capital was founded by Matthew Chase Levy, Honorary Fellow of Wolfson College, Oxford, the youngest Don in the Fellowship’s history. Levy is the first American physicist to be Sir Isaac Newton Fellow in The Royal Society, an institution re-founded in 1662 by King Charles II.

“The appointment of Hugh as Partner has significantly strengthened Blue Capital’s capabilities. We are honored to have him and his support” said Levy. “Finally, I am grateful to Hon. Jo C. Bamford for his firm’s advice to consider to re-brand to Blue Capital. We admire its elegance.”

About Blue Capital:

Blue Capital is the VC-think-tank that invests in people working to defeat existential threats using free markets. The first to combine a think-tank with a VC, Blue Capital both writes and invests in topical sectors that include fusion power, sustainable energy, and job-positive artificial intelligence. Blue Capital’s strategy is oriented to achieving attractive financial returns whilst increasing the use of responsible power.

Web: www.aeblue.com

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Zoomlion Accelerates Global Expansion with Localized Innovations in Saudi Arabia

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RIYADH, Saudi Arabia, Jan. 6, 2025 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”, 1157.HK) successfully hosted a key account networking and technology launch event on December 19 in Riyadh, Saudi Arabia, unveiling 24 localized innovative products and several intelligent construction solutions. The event showcased Zoomlion’s commitment to advancing its globalization strategy and strengthening partnerships in the Saudi market.

The event featured the launch of 24 products across seven major construction equipment categories, including mobile cranes, tower cranes, concrete, earthmoving, aerial work platforms, industrial vehicles and more. Alongside these innovations, the company introduced three intelligent solutions tailored for mining, nuclear plants, and infrastructure projects, as well as five core intelligent systems.

At the event, Zhan Chunxin, Chairman and CEO of Zoomlion, engaged with clients on product quality, service efficiency, and spare parts support. He also visited local construction project sites, connecting closely with local clients. His visit reinforced the company’s dedication to deepening collaboration and meeting the evolving needs of the Saudi market.

Zoomlion has designed its products with precise adaptability according to the environment and working conditions to meet local needs. The fully tested and verified products also take the Saudi drivers’ control routine habits into consideration to elevate the operating experience.

Clients expressed their confidence in Zoomlion’s capabilities, with Shawaf, Vice President of SHAWAF Company, highlighting their decade-long partnership as a testament to the mutual trust and success shared by both parties. He stated that the event was a great opportunity to connect with more industry peers and he hopes SHAWAF and Zoomlion can further strengthen their cooperation and achieve win-win success.

Zoomlion has been a key player in the Saudi market since entering the region in 2006. In 2021, the company established a local subsidiary and developed a comprehensive service network comprising 16 branches under its “1+11+4” structure. This framework enables full-coverage services, timely technical support, and efficient spare parts supply, further solidifying its reputation as a trusted partner in the region. Over the years, Zoomlion’s strategic presence has contributed to its sustained growth and strengthened its relationships with clients.

The Saudi market serves as a pivotal region for Zoomlion’s global strategy and a critical platform for advancing localized technology and achieving mutual growth. Through continued innovation in products and services, Zoomlion aims to deliver superior experiences to customers in Saudi Arabia and neighboring regions, reinforcing its competitive edge.

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Hyundai Motor Group Executive Chair Euisun Chung Outlines 2025 Vision Driven by Commitment to Innovation, Overcoming Challenges, and Creating Opportunities in New Year’s Message

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  • Hyundai Motor Group celebrates New Year at Hyundai Motorstudio Goyang, emphasizing open communication with employees at flagship space
    … Executive Chair Euisun Chung highlights the need to face challenges head on at 2025 New Year’s Remarks, strengthening the Group’s vision
    … Key HMG executives held ’roundtable’, discussing the future global business environment and the Group’s vision following questions from employees
  • Executive Chair Chung underscores the need for perspective in facing difficulty, emphasizing innovation and overcoming challenges is part of the Group’s DNA
    … Preparation and fundamental capabilities are key Hyundai Motor Group assets to help navigate and embrace change
    … Agile responses to unexpected challenges through flexible processes and a culture of unified action to achieve collective goals
  • Open culture where talent can thrive and teamwork is further strengthened to underscore the Group’s resilience and focus on opportunities for growth
    … Ensuring an environment where creative and enthusiastic individuals can demonstrate their capabilities to the fullest
    … Investment in key business areas and strategic collaboration with partners

SEOUL, South Korea, Jan. 6, 2025 /PRNewswire/ — Hyundai Motor Group (the Group) today held its annual New Year’s Address, with Executive Chair Euisun Chung outlining the Group’s focus for 2025: overcoming challenges through a commitment to innovation, embracing change, and further strengthening teamwork.

Held at Hyundai Motorstudio Goyang, near Seoul, this year’s event adopted a new format to drive in-depth dialogue among attendees, discussing the global business environment for the year ahead and the Group’s strategic direction.

Executive Chair Chung began by thanking Hyundai Motor Group employees around the world. “We achieved a lot last year,” he said. “These achievements were the result of your tireless efforts to deliver the quality, trust and experience our customers expect. I extend my deepest gratitude to you all.”

He continued by emphasizing the importance of facing both internal and external challenges over the year ahead, as well as the potential for global growth across the Group’s operations by overcoming adversity through its commitment to innovation, further strengthening teamwork, and a proactive approach to creating future opportunities.

“Innovation is in Hyundai Motor Group’s DNA. If we continue to embrace change and pursue innovation, we can overcome any test or difficulty we may face,” said Executive Chair Chung.

Executive Chair Chung also reinforced Hyundai Motor Group’s resilience and its ability to further strengthen its position as a global mobility leader by looking for opportunities in every challenge.

“There is no need to be intimidated by uncertainties ahead. Without challenges, we risk becoming complacent, which presents a bigger danger. We cannot assume success in 2025 simply because of our strong performance last year. But we should also not be pessimistic as a defensive mindset can stifle innovation. Challenges can sharpen awareness and drive action – Hyundai Motor Group has successfully navigated challenges in the past and emerged stronger. We will do the same again.”

Addressing challenges and creating opportunities

Executive Chair Chung categorized two types of challenges the Group is facing – ‘predictable’ and ‘unexpected’ – and outlined strategies for overcoming both.

He stressed that thorough preparation is key in overcoming predictable challenges, adding that “It’s not simply about eliminating risks, but about a comprehensive understanding of the background, context, and historical trends to create opportunities for future growth.”

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Chung continued by highlighting the importance of fundamental capabilities as a key factor in addressing unexpected challenges, including flexible and open processes, a culture of objective analysis and agile response, and continuous, unified action to achieve the Group’s shared goals.

With the appointment of José Muñoz as Hyundai Motor’s first non-Korean CEO, Executive Chair Chung emphasized this milestone as “a clear expression of our commitment to innovation”, reiterating the Group’s dedication to creating a global culture where talented individuals are recognized and can thrive regardless of their nationality, gender, seniority or background.

Executive Chair Chung closed the Group’s 2025 New Year’s Address by highlighting that “We must expand our strong commitment to innovation,” linking leadership in industrial change and technological development, strategic investment in core areas for the Group, and collaboration with other partners when necessary.

“Our greatest asset is our people. Their talent and resilience mean we do not retreat when we face adversity – we innovate,” said Executive Chair Chung, closing the roundtable. “We embrace challenges as opportunities to grow stronger and to shape a brighter, more sustainable future. We will continue to work together in 2025 to further strengthen Hyundai Motor Group’s collective vision.”

More information about Hyundai Motor Group can be found at: http://www.hyundaimotorgroup.com

Hyundai Motor Group Executive Chair Euisun Chung Outlines 2025 Vision Driven by Commitment to Innovation, Overcoming Challenges, and Creating Opportunities in New Year’s Message (PRNewsfoto/Hyundai Motor Group)

 

Hyundai Motor Group Executive Chair Euisun Chung Outlines 2025 Vision Driven by Commitment to Innovation, Overcoming Challenges, and Creating Opportunities in New Year’s Message (PRNewsfoto/Hyundai Motor Group)

 

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