Overview:
- Standard Chartered and OKX have launched a pioneering collateral mirroring program, allowing institutional clients to use off-exchange crypto assets to secure their trading positions.
- The program significantly enhances security and capital efficiency for large investors by using a Globally Systemically Important Bank (G-SIB) as a regulated, independent custodian.
- This service permits the use of diverse digital assets, including cryptocurrencies and tokenized money market funds like those offered by Franklin Templeton, as collateral.
- By strictly segregating client assets from the exchange, the initiative drastically reduces counterparty risk, which has been a major concern in the digital asset market.
- The collaboration sets a new industry benchmark for institutional crypto collateral management by integrating traditional finance’s security standards with the efficiency of digital asset trading.
Standard Chartered and global crypto exchange OKX have launched a revolutionary institutional crypto collateral program, transforming digital asset trading for major financial institutions. This innovative collateral mirroring service allows clients to utilize cryptocurrencies and tokenized money market funds to secure their trading positions without having to keep these assets on the exchange.
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Guest’s idea:
Margaret Harwood-Jones
Managing Director, Global Head of Financing & Securities Services (FSS)
Standard Chartered
Margaret Harwood-Jones is a highly accomplished industry leader with over four decades of experience in financial services, asset servicing, and high net worth private client business. Currently serving as the Managing Director, Global Head of Financing & Securities Services (FSS) at Standard Chartered Bank, she has a proven track record of delivering sustainable business results and developing high-performing, multicultural teams. Based in London, England, Margaret is recognized for her strong leadership, consultative selling skills, and ability to build long-term client relationships. She is an award-winning professional, inducted into the Global Custodian Hall of Fame as a Legend, and was named Lifetime Achiever in 2018 and Industry Person of the Year in 2025. Her extensive board experience includes roles with ISSA, Fintechs, and Bank subsidiaries.
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