OKX stands standard and Cryptocurrency okx by experimenting with a new program that allows institutions to use encryption assets and distinctive money market boxes (MMFS) as a guarantee.
Declare On April 10, the convergence program for guarantee enables side use outside the exchange while enhancing security by setting custody with an important bank worldwide, according to a joint statement of companies.
The pilot was launched under the organizational supervision of Dubai Asset Regulatory Authority in DubaiWith Standard Chartard behaved as an organized international award at the International Center in Dubai (DIFC).
The program was launched in cooperation with the director of friendly assets for encryption Franklin Templeton And features Brevan Howard Digital Among the first institutions to experience new ability.
OKX customers to reach assets by Franklin Templeton
As part of cooperation, OKX customers will be able to reach the ONSAIN assets developed by the Franklin Timbalon Digital Asset team.
“We follow a real approach, from the direct investment in Blockchain’s assets to developing innovative solutions with our internal team,” said Roger Bayston, head of Frankcchain’s assets, adding:
“By ensuring that the assets are signed by Unchin, we enable real ownership and allow them to move and settle quickly Blockchain – which eliminates the need for traditional infrastructure.”
According to the announcement, Franklin Templeton will be one of the first “series of MMFS” that is expected to be presented under the program by Standard Charged and OKX.
Standard Standard Standard Standard Funds
in The coding lending industryThe side is any Blockchain assets used to secure loans from the lender as a security measure when obtaining a loan. By allowing borrowers to pledge these assets, the lender guarantees the loan payment.
Despite the high fluctuations of digital assets, Margaret Harwood-Jones’s Standard Charted, the global head of financing and securities services, ascends to encryption guarantees as a major step in the development of institutional encryption services.
Visual for encryption lending with guarantees and deposits. Source: Coinrabbit
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“Our cooperation with OKX to enable the use of cryptocurrencies and the distinctive MMFS as a guarantee is a big step forward in providing institutional customers with the confidence and efficiency they need,” said Harwood Jones.
“By taking advantage of the infrastructure in force in the nursery, we guarantee the highest standards of safety and organizational compliance, which enhances greater confidence in the ecosystem of digital assets.”
According to Ryan Taylor, head of the Brevan Howard, the program is another example of innovation and continuous institutions in the encryption industry.
“As an important investor in the area of digital assets, we are pleased to cooperate with industrial leaders to increase growth and develop the ecosystem for encryption worldwide,” he said.
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