Standard Chartered & OKX Launch Crypto Collateral Pilot for Institutional Clients

Standard Chartered and OKX have launched a pilot program enabling institutional clients to use crypto and tokenized money market funds (MMFs) as collateral, marking a major step forward in integrating blockchain technology with traditional finance. The initiative empowers institutions to hold digital asset collateral securely outside traditional exchanges, with Standard Chartered acting as the regulated custodian through its Dubai International Financial Centre operations. The Dubai Virtual Asset Regulatory Authority oversees the pilot program.