Standard Chartered, BlackRock, and OKX Establish Collateral Framework for Tokenized Treasury Fund

Standard Chartered, BlackRock, and OKX have launched a new collateral framework for a tokenized Treasury fund. This collaboration aims to bridge traditional finance and cryptocurrency markets. The framework allows BlackRock's tokenized fund to be used as collateral. Standard Chartered's crypto custody unit, Zodia Custody, ensures the secure storage of tokenized funds, while OKX will facilitate the trading and use of these assets as collateral. This structure enables institutional investors to utilize tokenized assets more efficiently. BlackRock's tokenized Treasury fund invests in US Treasury bonds, offering low-risk returns. The acceptance of this fund as collateral could bring greater liquidity and stability to crypto markets. Additionally, this move is expected to encourage other major financial institutions to pursue similar tokenization projects. The new framework is seen as a significant step in terms of regulatory compliance and risk management. Standard Chartered, BlackRock, and OKX aim to expand the institutional use of tokenized assets through this collaboration. Experts note that this development will contribute to the maturation of cryptocurrency markets. This is not investment advice.