On April 10, 2023, Standard Chartered and OKX announced their pilot program, allowing the use of crypto and tokenized money market funds as collateral under Dubai’s regulations. This collaboration includes participation from Franklin Templeton and Brevan Howard Digital.
Margaret Harwood-Jones from Standard Chartered remarked that integrating cryptocurrencies and tokenized MMFs as collateral marks a significant progression for institutional services. This initiative builds trust and security in the evolving digital asset ecosystem.
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