OKX will launch an independent custody address feature for institutions and high-net-worth users

ChainCatcher news, OKX will soon launch an independent custody address feature aimed at institutional and high-net-worth users. This feature allows user assets to be stored independently in a transparent on-chain address, enabling users to track the address balance in real-time through a browser, ensuring that assets are stored independently and that the account balance corresponds with the address balance. Additionally, the on-chain settlement fees for the independent custody address will be fully borne by OKX.

It is reported that in the future, OKX will also promote the use of wallet mechanisms such as threshold signatures for institutional users who are willing and able to manage wallets independently, allowing some private key shards to be managed by clients, further achieving the separation of asset control rights and maximizing the security of user assets. (Source link)