The supply of blockchain -based assets to traditional investors, the exchange of OKX cryptoxis and the multinational standard Standard Chartered launched a joint guarantee reflex program, which allows their customers to use cryptographic and tokenized funds of the money market as an out of exchange for negotiation.
The program is currently in a pilot test under the regulatory framework of the Dubai Virtual Assets Regulatory Authority (Vara) and uses the systemically important bank as the custodian for the guarantee.
Standard Chartered is a custodian regulated at Dubai’s International Financial Center under the Dubai Financial Services Authority. Meanwhile, OKX, through its regulated rod entity, will be the one that manages the guarantee and facilitate transactions.
“Through the use of Standard Chartered’s position as a superior custodian worldwide, as well as our market leadership in cryptocurrency trade, the association establishes a standard of the industry so that current and potential institutional clients implement commercial capital at scale in a reliable environment.”
OKX
For the entities involved, the freshly launched program allows traditional investors to enjoy the protection they offer against the risk of counterpart, which is an important concern in current digital asset markets.
“As the digital asset ecosystem becomes more entrenched within traditional finances, we strive to boost growth and safeguard customer assets in the most efficient way of capital. By taking advantage of the position of Standard Chartered as a superior custod Confidential cryptocurrencies.
Hong Fang, President, OKX
Meanwhile, OKX explained that program customers will have access to Franklin Templeton digital asset equipment. Franklin Templeton is an asset manager who focuses on the token and real world assets.
“Taking advantage of Blockchain technology, our platform is created to support the dynamic and constantly evolving financial ecosystem. We take an authentic approach, from investing directly in blockchain assets to develop innovative solutions with our internal equipment. By guaranteeing the assets it is coined in the chain, we allow the real property, allowing them to move and establish the speed of the block chain, eliminating the need for the need for the need for the need for The need for the traditional need for traditional infracura. ” “
Roger Bayston, Chief of Digital Assets, Franklin Templeton
One of the first financial institutions used by the program is Brevan Howard Digital, the Digital Assets Division of the Brevan Howard Global Alternative Investment Manager.
“This program is the last example of innovation and continuous institutionalization of the industry. As a significant investor in the digital asset space, we are delighted to associate with the industry leaders to grow and evolve further the cryptography ecosystem worldwide.
Ryan Taylor, main administrative offer, Brevan Howard Digital
This article is published in Bitpins: OKX, standard collateral launching reflex program for Cryptography for Institutions
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