Standard Chartered, OKX, and Franklin Templeton Launch Pilot Trading Platform
Standard Chartered, OKX, and Franklin Templeton have collaborated to introduce a pilot trading platform that allows institutional clients to utilize crypto and tokenized money market funds as collateral in off-exchange transactions. This innovative program aims to meet institutional security, regulatory compliance, and liquidity standards, providing a secure and efficient way for institutions to engage in trading activities.
Franklin Templeton’s Digital Assets division will contribute tokenized on-chain assets, which will be integrated into trading and risk management workflows by OKX clients. The use of native blockchain integration enables true ownership and near-instantaneous settlement, aligning operational speed with blockchain-based systems.
Brevan Howard Digital Joins the Pilot
Brevan Howard Digital, a division of global alternative investment manager Brevan Howard, is among the pioneering firms participating in the pilot program. Chief Administrative Officer Ryan Taylor highlighted the program’s role in institutionalizing the digital asset sector and providing compliant infrastructure for large-scale participation.
The program operates under the Dubai Virtual Asset Regulatory Authority (VARA) framework, offering capital efficiency and enhanced asset protection through custody arrangements with a globally systemically important bank (G-SIB).
Meeting Institutional Demand
The collaboration between Standard Chartered, OKX, and Franklin Templeton addresses the institutional demand for trusted digital asset custody and supports the secure use of blockchain-based products in trading environments. The initiative aims to broaden the adoption of tokenized instruments in institutional trading by enabling institutions to utilize digital assets as collateral while maintaining regulatory safeguards and custodial segregation.
OKX President Hong Fang emphasized that the program provides a secure and capital-efficient framework for deploying trading capital. The combination of OKX’s infrastructure and Standard Chartered’s custody services creates a regulatory-grade environment suitable for institutional participants.
