Franklin Resources (NYSE:BEN) and OKX Launch Groundbreaking Collateral Mirroring Programme

Standard Chartered and OKX Launch World-Leading Collateral Mirroring Programme

London, April 25, 2023 - Standard Chartered, a leading international bank, and OKX, a top-tier digital asset trading platform, have announced the launch of a groundbreaking collateral mirroring programme. This innovative initiative aims to revolutionize the way financial institutions and digital asset companies interact, providing a secure and efficient means of utilizing digital assets as collateral.

The programme, which is now live, enables financial institutions to access OKX's vast liquidity pool and utilize digital assets, such as Bitcoin and Ethereum, as collateral. This allows these institutions to tap into the vast potential of the digital asset market, while also providing a new avenue for OKX to expand its reach and deepen its relationships with financial institutions.

"We are thrilled to partner with OKX to launch this pioneering programme," said Michael Simmons, Global Head of Digital Assets at Standard Chartered. "This collaboration demonstrates our commitment to innovation and our belief in the potential of digital assets to transform the financial landscape."

The programme is designed to address the unique challenges faced by financial institutions and digital asset companies when it comes to accessing and utilizing digital assets as collateral. By leveraging OKX's expertise and Standard Chartered's extensive network, the programme aims to provide a seamless and secure experience for all participants.

"This is a significant milestone for OKX, marking a major step forward in our efforts to bridge the gap between traditional finance and the digital asset ecosystem," said Jay Haft, Chief Business Officer at OKX. "We are excited to work with Standard Chartered to bring this innovative programme to market and look forward to collaborating with other financial institutions to further expand its reach."

The programme is expected to have far-reaching implications for the digital asset market, providing a new avenue for financial institutions to access digital assets and for digital asset companies to access traditional finance. As the programme continues to grow and evolve, it is likely to play a key role in shaping the future of the digital asset market.