A First for Global Markets: OKX Partners with BlackRock and Standard Chartered to Integrate BUIDL as Institutional Collateral
In a landmark move for the digital asset industry, OKX, a global leader in financial technology, has announced a joint framework with BlackRock and Standard Chartered to integrate the BUIDL token into its institutional trading ecosystem. BUIDL, which represents shares in a BlackRock-managed fund investing in short-term U.S. Treasuries, will now serve as a primary collateral asset for high-volume traders. For the first time in history, a Global Systemically Important Bank (G-SIB)—Standard Chartered—will act as the custodian, allowing OKX’s institutional clients to maintain their assets in a regulated, off-exchange environment while simultaneously utilizing them as collateral for real-time trading.
The framework addresses long-standing institutional concerns regarding platform counterparty risk. By enabling "Off-Exchange Custody," clients can keep their assets within Standard Chartered’s secure infrastructure without needing to deposit them directly onto the exchange. This seamless integration allows VIP and institutional users to trade on OKX Middle East while earning yields on their U.S. Treasury-backed BUIDL tokens, effectively merging institutional-grade security with the liquidity of a top-tier crypto exchange.