Suche
Mein Konto
OKX brings Rubix: revolutionizing digital asset access for banks!
OKX launches Rubix, a new service for banks that simplifies access to digital assets and ensures compliance.
OKX brings Rubix: revolutionizing digital asset access for banks!
OKX today launched a new service called Rubix, designed specifically for institutional clients to make access to digital assets easier. This modular workflow solution enables financial institutions to seamlessly integrate regulated digital asset services into their existing systems without having to build new infrastructure. Rubix aims to simplify crypto adoption for banks and asset managers by significantly reducing compliance and operational barriers.
Rubix allows financial institutions to embed digital assets directly into their platforms, helping them diversify their services. The solution offers a selection of components that can be integrated into institutions' operating models, risk frameworks and governance structures. This includes, among other things, a regulated market access module that ensures compliance with regional regulations such as MiCA, MiFID II and US MSB/MTL licensing.
Modularity and compliance
In addition to enabling institutions to access centralized limit order book markets and OTC RFQ systems, Rubix also provides deferred settlement options to conduct capital efficient operations. The solution is also compatible with existing Order Management Systems (OMS) and Execution Management Systems (EMS) as well as with various APIs such as FIX, REST and WebSocket.
Another important aspect of Rubix is its security features, which include off-exchange custody. This allows institutions to select licensed bank custodians or trusted third parties for custody. Additionally, banks have the flexibility to use fiat currencies, stablecoins, crypto assets or even tokenized money market funds.
Institutional demand and development
Demand for crypto asset services from institutional clients has increased in recent years. This development was driven by banks such as JPMorgan and HSBC, among others, who are developing their own blockchain solutions. However, many banks face challenges in adopting crypto assets, particularly due to operational complexity, fragmented infrastructure and constantly evolving regulations.
Simon Ren, Senior Vice President of OKX Institutional, highlights that Rubix offers a solution to these challenges by providing regulated digital asset services that are both simple and compliant. To make it easier for institutional customers to store digital assets, OKX has also expanded its partner custody program with Standard Chartered to the European Economic Area.
Further information about this new service and its benefits can be found at crypto.news.