OKX lets institutions use BlackRock’s BUIDL fund as trading collateral

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OKX adds BlackRock's tokenized Treasury fund to Standard Chartered custody program: Source: OKX Mahasneh said the framework is now live for eligible institutional and VIP clients through OKX Middle East, with plans to expand based on jurisdiction and demand. He described the setup as unique in combining regulated custody, a major asset manager and a G-SIB partner, adding that OKX is “the only global digital asset exchange” to establish this type of framework. BlackRock's BUIDL fund, tokenized by Securitize, invests in cash, US Treasury bills and repos, with yield distributed onchain, according to the release. Standard Chartered serves as the off-exchange custodian, holding client collateral separately from OKX's own assets while the exchange manages real-time margining and liquidation processes through its internal risk systems, Mahasneh said. He said the structure aligns with traditional finance standards, though he did not detail margin call procedures during market stress. Magazine: Bitcoin will not hit $1M by 2030, says veteran trader Peter Brandt

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