Standard Chartered and OKX Pioneer Collateral Program to Accelerate Institutional Crypto Adoption

Global bank Standard Chartered and crypto exchange OKX have announced a new pilot collateral mirroring program designed to bolster institutional participation in the cryptocurrency markets. The initiative, set under the Dubai Virtual Asset Regulatory Authority’s framework, enables institutions to leverage cryptocurrencies and tokenized money market funds as off-exchange collateral for trading. Acting as custodian under Dubai’s regulatory oversight, Standard Chartered will ensure secure custody solutions, a critical factor for institutional confidence in the digital asset space. Franklin Templeton, already active in tokenization projects, will be the first to integrate its tokenized money market fund into the program. By initiating this project in a jurisdiction known for supporting digital asset innovation, the collaboration aims to promote safer, more efficient trading environments capable of scaling alongside industry growth. The move is expected to enhance market credibility as digital assets become more ingrained within traditional finance.