OKX and Standard Chartered Launch Crypto Collateral Program

• OKX and Standard Chartered launch collateral mirroring program for crypto trading

• Franklin Templeton joins OKX-SCB program to provide digital funds

In a major development for institutional crypto trading, Standard Chartered has partnered with cryptocurrency exchange OKX to launch a new collateral mirroring program. The project has obtained backing from Brevan Howard Digital as well as Franklin Templeton. The goal behind this program is to enhance profitability in digital asset markets while decreasing risks between traders.

Franklin Templeton Joins OKX and SCB Crypto Program

The initiative began its operations as a testing phase under Dubai’s Virtual Asset Regulatory Authority (VARA) regulatory system. Through this program, institutional clients receive access to trade with off-exchange using tokenized money market funds and cryptocurrencies as their collateral. Standard Chartered Bank functions as an independent custodian of the assets to store them safely under its regulation while being a Globally Systemically Important Bank (G-SIB).

Moreover, the custodian services operate under the regulations of the Dubai Financial Services Authority from their base at Dubai International Financial Centre (DIFC). The program benefits from additional regulatory compliance through its installation of oversight instruments. The establishment of this structure enables institutions to ensure safe trading operations without raising concerns about partner trading risks.

Frank Templeton stands as the initial investment fund management service to join the OKX-SCB platform. The program expects further financial backing to enter the market. The institutional partnership unites secure access for clients who need authorized versions of standard asset types, which enhances their control over capital allocation.

In addition, Brevan Howard Digital emerges as one of the very first programs to participate in this initiative. Digital asset trading requires increasingly secure and dependable methods because of the rising market demand. The industry demonstrates its trust in Brevan Howard Digital because of its ability to unite established banking resources with state-of-the-art crypto platforms.

New Crypto Program Sets Security Standard for Institutions

The collaboration enables users to obtain direct access to Franklin Templeton’s networked assets. The integration process of digital products into existing financial operations has become convenient for clients. Medical research applications from decentralized finance with traditional banking systems represent a major advancement that links these two sectors safely.

Furthermore, the initiative aims to develop an enhanced security system for institutional trading on a grand scale. A globally recognized bank handling client collateral provides assurance to participants within the system. The alliance between OKX and Standard Chartered results from their respective strengths of digital asset experience and trustworthy banking foundations and global reach.

The collaborative arrangement establishes a groundbreaking standard for digital finance institutions to become involved. The collaboration joins powerful elements of modern blockchain security with traditional finance systems, together with robust governance oversight. Through this approach, it fulfills an expanding market demand for safe and flexible solutions that enable crypto trading operations.

Looking ahead, the upcoming future indicates that the program will draw more major institutions wishing to advance their safe and efficient crypto operations. This kind of partnership will create the direction for how institutional finance develops within the evolving digital asset environment.

Lastly, the collaboration between OKX and Standard Chartered and Brevan Howard and Franklin Templeton with VARA represents major progress in the sector. Through this offering, institutions gain access to a safe approach for trading digital tokens that operates within regulatory parameters and forging links between conventional finance mechanisms and cutting-edge crypto technologies.