Standard Chartered Debuts Tokenized Collateral Framework

STANDARD CHARTERED PLC launched a framework Tuesday allowing institutional clients to use BLACKROCK INC tokenized Treasury funds as collateral on OKX. This is the first off-exchange collateral arrangement backed by a globally systemically important bank. Investors can now trade on crypto exchanges while keeping assets under the custody of a traditional bank.

The partnership enables VIP and institutional clients of OKX Middle East to utilize the BlackRock USD Institutional Digital Liquidity (BUIDL) Fund. This fund invests in United States Treasury bills, cash, and repurchase agreements.