Standard Chartered and OKX Launch World-Leading Mirrored Staked Assets Initiative
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Standard Chartered and OKX Launch World-Leading Mirrored Staked Assets Initiative
By partnering with Franklin Templeton, the project supports the use of digital currencies and tokenized money market funds as collateral assets. Top investment firms such as Brevan Howard Digital will participate in this innovative initiative.
Navigating Web3 tides with focused insightsDubai, UAE, April 10, 2025 — Today, Standard Chartered Bank and OKX, a leading global digital asset exchange and blockchain technology company, jointly announced the launch of a pioneering Global Collateral Mirroring Programme. The programme enables institutional clients to use cryptocurrencies and tokenized money market funds as over-the-counter (OTC) collateral, with custody of the collateral managed by a major global systemically important bank (G-SIB), significantly enhancing capital efficiency and security for institutional clients.
Margaret Harwood-Jones, Head of Global Financing & Securities Services at Standard Chartered, said: “As the digital asset landscape continues to evolve, we recognize that robust and secure custody solutions are essential. This collaboration with OKX, enabling the use of digital assets and tokenized money market funds as collateral, marks a critical step in building confidence and improving efficiency for our institutional clients. By leveraging Standard Chartered’s established custody infrastructure, we ensure the highest standards of security and compliance, further strengthening trust in the digital asset ecosystem.”
The collateral mirroring programme has launched a pilot under the regulatory framework of Dubai’s Virtual Assets Regulatory Authority (VARA). It addresses counterparty risk—a key challenge in today’s digital asset markets—by offering users stronger protection. Standard Chartered acts as an independent custodian within the Dubai International Financial Centre (DIFC), regulated by the Dubai Financial Services Authority (DFSA), and is responsible for the secure storage of collateral. OKX manages the collateral and executes trades through its VARA-licensed entity. Franklin Templeton will be among the first money market funds offered through this joint initiative between OKX and Standard Chartered.
Hong Fang, President of OKX, said: “As the digital asset ecosystem increasingly converges with traditional finance, we are committed to driving industry growth with maximum capital efficiency while safeguarding user assets. This partnership combines Standard Chartered’s strengths as a top-tier global custodian with OKX’s market leadership in cryptocurrency trading, setting a new industry benchmark for existing and prospective institutional clients and creating a trusted environment for deploying trading capital at scale.”
Franklin Templeton is a recognized leader in tokenization and real-world assets (RWA), consistently innovating through blockchain technology to deliver cutting-edge solutions for its users and clients. Through this collaboration, OKX users will gain direct access to on-chain assets developed by Franklin Templeton’s digital assets team, seamlessly integrating them into their financial and operational systems.
Roger Baysto, Head of Digital Assets at Franklin Templeton, said: “Our platform leverages blockchain technology to support the ongoing evolution of the financial ecosystem. Whether it’s direct investment in blockchain assets or internal innovation, we remain committed to true on-chain operations—on-chain minting enables genuine ownership and ensures transfers and settlements occur at blockchain speed, breaking free from the constraints of traditional infrastructure.”
Brevan Howard Digital, the digital currency and digital assets subsidiary of Brevan Howard—one of the world’s leading alternative investment management firms—is among the first institutions to join this innovative programme, highlighting the importance of such services being delivered through a collaboration between a globally recognized cross-border bank and a top-tier exchange.
Ryan Taylor, Group Chief Compliance Officer at Brevan Howard and Chief Administrative Officer at Brevan Howard Digital, said: “This programme exemplifies the industry’s ongoing innovation and institutionalization. As significant investors in digital assets, we are pleased to partner with leading institutions to advance the growth and development of the global digital asset ecosystem.”
Earlier announcements include: September 2024: Standard Chartered launches digital asset custody service in the UAE; October 2024: OKX names Standard Chartered as institutional third-party custody partner | Standard Chartered.
About OKX
OKX is a leading global digital asset exchange, trusted by over 60 million users worldwide, renowned for its ultra-fast trading experience and reliable crypto application.
As a principal partner of Premier League champions Manchester City Football Club, McLaren Formula 1, and Olympic athlete Scott James, OKX is dedicated to delivering exceptional experiences through innovative fan engagement. OKX is also a top-tier partner of the Tribeca Festival, actively supporting creators entering the Web3 space.
Committed to transparency and security, OKX publishes regular proof-of-reserves reports each month. For more information, download the OKX app or visit okx.com.
About Brevan Howard Digital
Brevan Howard Digital (BH Digital) is the digital currency and digital assets division of the Brevan Howard group, focused on capturing diverse investment opportunities arising from structural shifts and innovations in blockchain technology for institutional investors. BH Digital employs a multi-manager, multi-strategy approach, offering investors flexible allocation and diversified exposure across the public and private digital asset ecosystems in pursuit of alpha. With over 60 professionals and eight offices worldwide, BH Digital currently manages over USD 2 billion in assets. For more information, visit www.brevanhoward.com/brevanhoward-digital/.
About Standard Chartered
Standard Chartered is a leading international banking group with a presence in 53 of the world’s most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are embodied in our brand promise – “Here for good”.
Standard Chartered Group Limited is listed on the London and Hong Kong stock exchanges.
To explore stories and expert insights, visit the sc.com Insights section. Follow Standard Chartered on X, LinkedIn, Instagram, and Facebook.
About Franklin Templeton
Franklin Resources, Inc. (NYSE: BEN), operating through subsidiaries under the Franklin Templeton brand, is a global investment management organization with operations in over 150 countries. The firm is dedicated to helping clients achieve better investment outcomes through professional investment management, wealth management, and technology solutions. Franklin Templeton nurtures specialized investment managers who offer expertise across fixed income, equities, alternatives, and multi-asset strategies globally. Headquartered in California, the company maintains offices in major financial centers worldwide. With over 75 years of investment experience and more than 1,500 investment professionals, Franklin Templeton had $1.58 trillion in assets under management as of February 28, 2025. For more information, visit franklintempleton.com or follow us on LinkedIn, X, and Facebook.
All investment products, including money market funds, involve risks and may result in the loss of principal. Investment shares issued, redeemed, transferred, custodied, and recorded via blockchain technology also carry specific risks. For example, investment shares issued via blockchain technology may be subject to risks including, but not limited to: rapidly evolving regulatory environments for blockchain, which could lead to security, privacy, or other regulatory issues requiring adjustments to transaction recording methods within the relevant shares.
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