Standard Chartered has partnered with cryptocurrency exchange OKX to launch a collateral mirroring program.
The program aims to enhance profitability in digital asset markets while decreasing risks between traders.
Brevan Howard Digital and Franklin Templeton have backed the program, which operates under Dubai’s Virtual Asset Regulatory Authority (VARA) regulatory system.
Through the program, institutional clients can trade off-exchange using tokenized money market funds and cryptocurrencies as collateral.