In Dubai, on April 10, 2025, Standard Chartered and OKX launched a collateral mirroring program, enabling institutional clients to use cryptocurrencies and tokenized money market funds as off-exchange collateral. The program, operating within the Dubai Virtual Asset Regulatory Authority's framework, enhances security and capital efficiency by using Standard Chartered as the custodian. Franklin Templeton is collaborating to enable crypto and tokenized money market funds as collateral. Brevan Howard Digital is among the first institutions to onboard.
Standard Chartered and OKX Launch Collateral Mirroring Program with Crypto and Tokenized Funds
Edited by: Yuliya Shumai
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