OKX & Standard Chartered Launch Crypto Collateral Mirroring in UAE

Standard Chartered, a licensed crypto custodian operating in the UAE, has partnered with OKX to launch a pilot program enabling institutional clients to use crypto and tokenized money market funds as collateral for trading. This innovative offering leverages Dubai’s VARA framework to enhance security and efficiency by utilizing a G-SIB like Standard Chartered as the custodian for these assets. 🤝 As per the press release, this program significantly strengthens institutional client protection against counterparty risk.