OKX has unveiled Rubix, a modular platform designed specifically for regulated financial institutions to seamlessly integrate digital-asset services into their existing systems without the need for extensive overhauls. This innovative solution aims to streamline the incorporation of digital assets by connecting key functionalities—such as trading, custody, settlement, and collateral management—directly into the established workflows of banks and brokers.
By implementing Rubix, institutions can select and utilize specific components that align with their governance and risk frameworks, thereby ensuring compliance with varied regional regulatory requirements. This flexibility allows firms to venture into digital asset trading, lending, and asset management, all while retaining comprehensive control over their client interactions and internal policies.
The platform also enhances access to liquidity through central-limit-order-book markets and over-the-counter requests for quotes, alongside offering post-trade settlement models that focus on capital efficiency. Simon Ren, Senior Vice President of OKX Institutional, emphasized that while there is a growing demand for digital-asset services among institutions, many have faced challenges due to the complexities of compliance and operational processes. Rubix aims to mitigate these obstacles by enabling customized workflows tailored to each institution’s governance structure, while OKX provides the regulated, scalable infrastructure necessary for support.
OKX has characterized Rubix as a pivotal step toward bridging the gap between traditional finance and on-chain markets. The platform seeks to diminish operational and regulatory friction, reducing both infrastructure costs and regulatory overhead. This is expected to encourage a greater number of institutions to provide regulated cryptocurrency exposure, all under their unique governance frameworks.
Currently, Rubix is operational with institutional partners across various regions including Europe, the Asia-Pacific, the UAE, and Latin America, with plans for further onboarding in the near future.
