{"id":126901,"date":"2025-04-10T15:18:01","date_gmt":"2025-04-10T15:18:01","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126901"},"modified":"2025-04-10T15:18:01","modified_gmt":"2025-04-10T15:18:01","slug":"standard-chartered-and-okx-pilot-crypto-tokenized-fund-collaterals","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126901","title":{"rendered":"Standard Chartered and OKX pilot crypto, tokenized fund collaterals"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsStandard Chartered and cryptocurrency exchange OKX are piloting a new program allowing institutions to use crypto assets and tokenized money market funds (MMFs) as collateral.<br \/>\nAnnounced on April 10, the collateral mirroring program enables off-exchange collateral usage while enhancing security by placing custody with a globally systemically important bank, according to a joint statement from the companies.<br \/>\nThe pilot has been launched under the regulatory oversight of the Dubai Virtual Asset Regulatory Authority, with Standard Chartered acting as a regulated custodian in the Dubai International Financial Centre (DIFC).<br \/>\nThe program launched in collaboration with crypto-friendly asset manager Franklin Templeton and features Brevan Howard Digital among the first institutions to trial the new capability.<br \/>\nOKX clients to gain access to assets by Franklin Templeton<br \/>\nAs part of the collaboration, OKX clients will have access to onchain assets developed by Franklin Templeton\u2019s digital assets team.<br \/>\n\u201cWe take an authentic approach, from directly investing in blockchain assets to developing innovative solutions with our in-house team,\u201d Franklin Templeton\u2019s head of digital assets, Roger Bayston, said, adding:<br \/>\n\u201cBy ensuring assets are minted onchain, we enable true ownership, allowing them to move and settle at blockchain speed \u2014 eliminating the need for traditional infrastructure.\u201d<br \/>\nAccording to the announcement, Franklin Templeton will be one of the first in a \u201cseries of MMFs\u201d that are expected to be offered under the program by Standard Chartered and OKX.<br \/>\nStandard Chartered backs tokenized funds<br \/>\nIn the crypto lending industry, collateral is any blockchain-based asset used to secure loans from a lender as a security measure when taking out a loan. By allowing borrowers to pledge those assets, the lender guarantees that the loan is going to be repaid.<br \/>\nDespite the high volatility of digital assets, Standard Chartered\u2019s Margaret Harwood-Jones, global head of financing and securities services, is bullish on crypto collaterals as a major step in the evolution of institutional crypto services.<br \/>\nA visual of the crypto lending process with collaterals and deposits. Source: CoinRabbitRelated: Xapo Bank launches Bitcoin-backed USD loans targeting hodlers<br \/>\n\u201cOur collaboration with OKX to enable the use of cryptocurrencies and tokenized MMFs as collateral represents a significant step forward in providing institutional clients with the confidence and efficiency they need,\u201d Harwood-Jones said, adding:<br \/>\n\u201cBy leveraging our established custody infrastructure, we are ensuring the highest standards of security and regulatory compliance, fostering greater trust in the digital asset ecosystem.&#8221;<br \/>\nAccording to Ryan Taylor, group head of compliance at Brevan Howard, the program is another example of the ongoing innovation and institutionalization in the crypto industry.<br \/>\n\u201cAs a significant investor in the digital assets space, we are thrilled to partner with industry leaders to further grow and evolve the crypto ecosystem globally,\u201d he noted.<br \/>\nMagazine: Memecoin degeneracy is funding groundbreaking anti-aging research<a href=\"https:\/\/cointelegraph.com\/news\/standard-chartered-okx-pilot-off-exchange-collateral-institution?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsStandard Chartered and cryptocurrency exchange OKX are piloting a new program allowing institutions to use crypto assets and tokenized money market funds (MMFs) as collateral. Announced on April&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126901"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126901"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126901\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126901"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}