Standard Chartered and OKX Launch Industry-Leading Collateral Mirroring Initiative

• Through collaboration with Franklin Templeton, the initiative supports the use of cryptocurrency and tokenized money market funds as collateral.

• Top investment firms such as Brevan Howard Digital will participate in this innovative initiative.

April 10, 2025, Dubai, UAE — Today, Standard Chartered and global leading cryptocurrency exchange and on-chain technology company OKX jointly announced the launch of a groundbreaking global collateral mirroring initiative. The initiative accepts cryptocurrency and tokenized money market funds from institutional clients as over-the-counter trading collateral, with custody provided by a global systemically important bank (G-SIB), significantly enhancing fund security and capital efficiency for institutional clients.

Margaret Harwood-Jones, Global Head of Financing and Securities Services at Standard Chartered, stated: "Facing the evolving landscape of digital assets, we understand that robust and secure custody solutions are crucial. This collaboration with OKX, supporting users in using cryptocurrency and tokenized money market funds as collateral, marks a significant step in boosting confidence and improving efficiency for our institutional clients. Leveraging Standard Chartered's established custody infrastructure, we will ensure the highest standards of security and compliance, thereby enhancing market trust in the digital assets ecosystem."

The collateral mirroring initiative has launched a pilot under the regulatory framework of the Dubai Virtual Assets Regulatory Authority (VARA). The initiative significantly reduces trading counterparty risk — a key pain point in the current digital assets market — providing users with more effective protection. Standard Chartered serves as an independent custodian within the Dubai International Financial Centre (DIFC), regulated by the Dubai Financial Services Authority (DFSA), responsible for securely storing collateral assets. OKX manages collateral assets and executes trading through its VARA-licensed entity. Franklin Templeton will be one of the first money market funds launched through this joint OKX and Standard Chartered initiative.

Hong Fang, President of OKX, stated: "As the digital assets ecosystem gradually integrates with the traditional financial system, we are committed to driving industry growth with the highest capital efficiency while ensuring the safety of user assets. This collaboration combines Standard Chartered's strengths as a top-tier global custodian with OKX's market leadership in cryptocurrency trading, setting an industry benchmark for existing and potential institutional clients and creating a trusted environment for large-scale deployment of trading capital."

Franklin Templeton is a recognized leader in tokenization and real-world assets (RWA), continuously innovating through blockchain technology to provide cutting-edge solutions for its users and clients. Through this collaboration, OKX users will be able to directly use on-chain assets developed by Franklin's digital assets team and seamlessly integrate them into their financial and operational systems.

Roger Baysto, Head of Digital Assets at Franklin Templeton, stated: "Our platform leverages blockchain technology, designed to support the continued dynamic development of the financial ecosystem. Whether for direct investment in blockchain assets or the development of innovative solutions by internal teams, we adhere to truly on-chain operations — on-chain asset minting helps achieve true ownership, ensuring asset transfers and settlements occur at blockchain-level speed, completely free from the constraints of traditional infrastructure."

Brevan Howard Digital, the cryptocurrency and digital assets-focused subsidiary of global top alternative investment management company Brevan Howard, is among the first institutions to join this innovative initiative, highlighting the importance of such services provided jointly by an internationally leading cross-border bank and a top-tier global exchange.

Ryan Taylor, Group Chief Compliance Officer of Brevan Howard and Chief Executive Officer of Brevan Howard Digital, stated: "This initiative is the latest example of continuous innovation and institutionalization in the industry. As a significant investor in the digital assets space, we are very pleased to collaborate with industry-leading institutions to jointly drive the growth and development of the global cryptocurrency ecosystem."

Disclaimer

This article may contain product-related content not applicable to your region. This article is intended to provide general information only and does not assume responsibility for any factual errors or omissions herein. This article represents the personal views of the author only and does not represent the views of OKX. This article is not intended to provide any advice, including but not limited to: (i) investment advice or investment recommendations; (ii) offers or solicitations to buy, sell, or hold digital assets; or (iii) financial, accounting, legal, or tax advice. Holding digital assets (including stablecoins) involves high risk, may fluctuate significantly, and may even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. For questions regarding your specific situation, please consult your legal/tax/investment professional. The information appearing in this article (including market data and statistics, if any) is for general reference only. Although we have taken all reasonable precautions in preparing these data and charts, we assume no responsibility for any factual errors or omissions expressed herein. © 2025 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less from this article may be used, provided that such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: "Copyright © 2025 OKX. Used with permission." Permitted excerpts must cite the article name and include attribution, for example "Article Name, [Author Name (if applicable)], © 2025 OKX". Some content may be generated or assisted by artificial intelligence (AI) tools. Derivative works or other uses of this article are not permitted.

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