Standard Chartered, BlackRock, OKX launch collateral framework for tokenised Treasury fund

Reuters

Tue, April 28, 2026 astatine 8:21 AM CDT 1 min read

April 28 (Reuters) - Standard Chartered announced connected Tuesday the motorboat of a ‌new model that permits organization ‌clients to usage BlackRock's tokenised short-term U.S. Treasury ​fund arsenic collateral connected the crypto trading level OKX.

Here are immoderate details:

• The lender has partnered with BlackRock and OKX ‌to alteration the ⁠trading platform's VIP and organization clients to usage the BlackRock ⁠USD Institutional Digital Liquidity (BUIDL) Fund arsenic collateral for trading activities connected OKX Middle ​East.

• Standard ​Chartered volition ​serve arsenic custodian for ‌the off-exchange collateral arrangement, which the companies described arsenic the archetypal specified model backed by a globally systemically important bank.

• The setup is designed to ‌reduce the request for ​clients to transportation assets ​between a ​custodian and a trading venue, ‌while maintaining protections extracurricular ​the exchange, ​the lender said.

• BlackRock's tokenised money invests successful cash, U.S. Treasury bills ​and repurchase ‌agreements, with output distributed on-chain.

(Reporting by ​Jasmeen Ara Shaikh successful Bengaluru; Editing ​by Vijay Kishore)