Standard Chartered, OKX and Franklin Templeton launched one pilothandel platform Designed to enable institutional customers to use crypto and tokenized money market funds as collateral at off-sexe transactions, according to a release of 10 April.
The digital assets division of Franklin Templeton contributes tokenized on-chain assets, which can integrate OKX customers in workflows for trade and risk management. The structure is intended to comply with institutional safety, compliance with regulations and liquidity standards.
Franklin Templeton’s head digital assets, Roger Bayston, emphasized the importance of native blockchain integration.
He added that minting assets on-chain make real property and near-instant scheme possible, removing dependence on traditional infrastructure and the tuning of operational speed with blockchain-based systems.
Brevan Howard on board
The framework is intended to enable institutions to safely mirror collapse with a third party while retaining operational flexibility for trade.
Brevan Howard Digital, a division of the global alternative investment manager Brevan Howard, is one of the first companies to participate in the pilot.
The main administrative officer of Brevan Howard Digital, Ryan Taylor, said that the program reflects the continuous institutionalization of the digital asset sector and the increasing availability of conforming infrastructure for large-scale participation.
The program works within the Dubai Virtual Asset Regulatory Authority (VARA) Framework. It is intended to offer capital efficiency and to improve the protection of assets through guardianship schemes with a worldwide systemically important bank (G-SIB).
According to the pilot structure, Standard Chartered will act as the independent custodian via its Dubai International Financial Center (DIFC) Entity, which regulates the Dubai Financial Services Authority.
In the meantime, OKX, active through its VARA-regulated entity, will facilitate the collateral and facilitate the implementation of the transaction.
Tackling institutional question
According to Margaret Harwood-Jones, worldwide head of financing and securities services at Standard Chartered, the initiative uses the established custody infrastructure of the bank to offer a safe mechanism for holding digital collateral.
She added that the cooperation is involved in the institutional demand for trusted custody of digital assets and supports the safe use of blockchain-based products in trade environments.
OKX president Hong Fang said that the program is a framework for the use of trade capital in a safe, capital-efficient manner. Fand noted that the infrastructure of OKX, combined with the guardianship services of Standard Chartered, creates an environment of regulations that is suitable for institutional participants.
The initiative aims to facilitate the broader acceptance of tokenized instruments in institutional trade by enabling institutions to place digital assets as collateral while retaining legal guarantees and custody separation.
