- In partnership 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 project.
Dubai, April 2025, 4 - Today, Standard Chartered Bank and OOEX, a leading global cryptocurrency exchange and on-chain technology company, jointly announced the launch of a groundbreaking global pledge asset mirroring program. The program is responsible for institutional clients to use digital currencies and tokenized money market funds as over-the-counter pledge assets, while being managed by a large systemically important bank (G-SIB), significantly improving the security and capital efficiency of institutional clients' funds.
Margaret Harwood-Jones, Head of Global Financing and Securities Services at Standard Chartered Bank, said: “As the digital asset landscape continues to evolve, we understand that trustworthy and secure custody solutions are critical. Our partnership with OOEX to support the use of digital currencies and tokenized money market funds as collateral is a key step in providing confidence and efficiency to our institutional clients. Leveraging Standard Chartered’s sophisticated custody infrastructure, we will ensure the highest standards of security and compliance, thereby reinforcing market trust in the digital asset ecosystem.”
The collateral mirroring project has launched a strategy under the regulatory framework of the Dubai Virtual Asset Regulatory Authority (VARA). The project can significantly reduce counterparty risk, a key pain point in the current digital asset market, and provide more effective protection for users. As an independent custodian within the Dubai International Financial Center (DIFC), regulated by the Dubai Financial Services Authority (DFSA), BOE is responsible for the safe storage of pledged assets. BOE manages pledged assets and executes transactions through its VARA licensed entity. Franklin Templeton will be one of the incentive money market funds launched in this joint project between BOE and Standard Chartered Bank.
Hong Fang, President of OOEX, said: “As the digital asset ecosystem gradually merges with the traditional financial system, we are committed to driving industry growth with the highest capital efficiency while ensuring the safety of user assets. This collaboration combines Standard Chartered’s advantages as a top global custodian and OOEX’s market leadership in digital currency trading to establish an industry benchmark for existing and potential institutional clients to create a trusted environment for large-scale deployment of trading capital.”
Franklin Templeton is a recognized leader in the field of tokenization and real-world assets (RWA), and continues to innovate with blockchain technology to provide users with cutting-edge solutions. Through this cooperation, OOE users will be able to directly use the on-chain assets developed by Franklin Digital Assets team and seamlessly integrate them into their own financial and operational systems.
Roger Baysto, head of digital assets at Franklin Templeton, said: "Our platform is based on blockchain technology and is designed to support the continued dynamic development of the financial ecosystem. Whether it is direct investment in blockchain assets or the development of innovative solutions by our internal team, we insist on real on-chain operations - on-chain asset minting is conducive to achieving true sharing, ensuring that asset transfers and settlements are carried out at blockchain-level speeds, and completely subverting the infrastructure of traditional infrastructure."
Brevan Howard, a top global other investment management company, announced that its subsidiary Brevan Howard Digital, which focuses on digital currencies and digital assets, is actively joining the institutions of this innovative project, highlighting the importance of leading international cross-border banks and global rigorous exchanges jointly providing such services.
Ryan Taylor, Brevan Howard Group Head of Compliance and Brevan Howard Digital CEO, said: “This project is the latest example of the industry’s continued innovation and institutionalization. As a significant investor in the digital asset space, we are excited to be working with industry leaders to drive the growth and development of the global digital currency ecosystem.”