Introduction
Standard Chartered and OKX, a leading cryptocurrency exchange and global on-chain technology company, have partnered to introduce a revolutionary collateral mirroring programme. This initiative enables institutional clients to use cryptocurrencies and tokenised money market funds as off-exchange collateral, enhancing security and capital efficiency. The programme operates under the Dubai Virtual Asset Regulatory Authority's (VARA) framework, with Standard Chartered serving as the custodian.
Key Features of the Programme
1. Enhanced Security and Capital Efficiency
- Utilises a Globally Systemically Important Bank (G-SIB) for custody.
- Reduces counterparty risk by leveraging regulated custodianship in the Dubai International Financial Centre (DIFC).
2. Institutional Adoption
- Pioneering institutions like Brevan Howard Digital have already onboarded.
- Franklin Templeton will provide tokenised money market funds as collateral.
3. Regulatory Compliance
- Operates within VARA’s regulatory framework.
- Combines OKX’s market leadership with Standard Chartered’s custody infrastructure.
Leadership Insights
Margaret Harwood-Jones, Global Head of Financing and Securities Services at Standard Chartered
"Our collaboration with OKX represents a significant step forward in providing institutional clients with confidence and efficiency. By leveraging our custody infrastructure, we ensure the highest standards of security and compliance."
Hong Fang, President of OKX
"This partnership sets an industry standard for institutional clients to deploy trading capital at scale in a trusted environment."
Roger Bayston, Franklin Templeton Head of Digital Assets
"Our blockchain platform supports true ownership, enabling assets to settle at blockchain speed—eliminating traditional infrastructure bottlenecks."
Ryan Taylor, Group Head of Compliance at Brevan Howard Digital
"This programme exemplifies the institutionalisation of digital assets. We’re thrilled to partner with industry leaders to grow the crypto ecosystem."
Benefits for Institutional Clients
- Risk Mitigation: Independent custody reduces counterparty exposure.
- Capital Efficiency: Tokenised assets optimise liquidity.
- Regulatory Trust: Compliant with Dubai’s stringent financial regulations.
👉 Explore how OKX is transforming institutional crypto trading
Programme Partners
| Partner | Role |
|---|---|
| Standard Chartered | Custodian and regulated financial services provider. |
| OKX | Collateral management and transaction facilitation. |
| Franklin Templeton | Provider of tokenised money market funds. |
| Brevan Howard Digital | Early adopter and institutional investor. |
FAQs
1. What is collateral mirroring?
Collateral mirroring allows clients to use digital assets as off-exchange collateral, backed by a regulated custodian.
2. Why is Standard Chartered the custodian?
As a G-SIB, Standard Chartered offers top-tier security and regulatory compliance.
3. How does this programme benefit institutional traders?
It combines capital efficiency with reduced counterparty risk.
4. What role does Franklin Templeton play?
They provide tokenised money market funds, expanding collateral options.
5. Is this programme available globally?
Currently, it operates under VARA’s framework in Dubai, with potential for expansion.
6. How does Brevan Howard Digital contribute?
As an early adopter, they validate the programme’s institutional appeal.
Future Outlook
The collaboration between Standard Chartered, OKX, and Franklin Templeton signals a new era of institutional crypto adoption. By integrating blockchain technology with traditional finance, this programme paves the way for scalable, secure digital asset solutions.
👉 Learn more about OKX’s institutional offerings
Keywords
- Collateral mirroring
- Institutional crypto trading
- Tokenised assets
- Regulated custody
- Capital efficiency
- Standard Chartered
- OKX
- Franklin Templeton
### Notes:
- **SEO Optimization**: Keywords are naturally integrated into headings and body text.
- **Anchor Texts**: Engaging links to OKX are placed strategically.