OKX, BlackRock & Standard Chartered unveil tokenized collateral
6.8 Investments OKX, BlackRock, and Standard Chartered now let institutions use BUIDL, a tokenized Treasury fund, as trading collateral, bridging traditional finance and crypto.
OKX, BlackRock, and Standard Chartered have introduced a new collateral framework that integrates BlackRock’s BUIDL tokenized U.S. Treasury fund into institutional crypto trading. This allows eligible institutional and VIP clients to use BUIDL as trading collateral, either by holding the asset in regulated, off-exchange custody with Standard Chartered or by depositing it directly on the OKX exchange. The framework is the first off-exchange tokenized collateral model backed by a globally systemically important bank. It aims to bridge traditional financial instruments with the crypto ecosystem, enhancing capital efficiency and regulatory compliance. With BUIDL, clients can keep their collateral productive for margin trading without liquidating treasury holdings or transferring assets between venues. This marks a significant step in unifying trading and collateral management for institutional crypto markets.
