Discover the Wild World of Crypto Trading: Unleash the Magic! 🪙✨

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Once upon a time, in a land where digital coins glitter and blockchain pixies flit about, a peculiar initiative was concocted. It was a marvelous blend of the old and the new—like a chocolate cake made with broccoli! 🍰🥦 This daring scheme was set to woo institutional clients, wrapping blockchain-native assets in a cozy yet regulated blanket of traditional trading infrastructure. Jolly good fun, right?

Magical On-Chain Assets and the Chronicles of Instant Settlement

Franklin Templeton’s Digital Assets team, those clever little whiz kids, decided to sprinkle some pixie dust on their tokenized assets. These delightful creations, minted straight onto the blockchain, can be whisked away like magic beans, used by OKX clients as collateral in their trading escapades. It’s like having your cake and eating it too!

Roger Bayston, the grand wizard of digital assets at Franklin Templeton, cheerfully proclaimed that on-chain issuance gifts us:

  • True ownership – You think it’s yours? Well, guess what? IT IS! 🎉
  • Near-instant settlement – Faster than a rocket-fueled snail! 🚀🐌
  • Elimination of pesky traditional infrastructure – Bye-bye, old fogies! ✌️
  • Brevan Howard Joins as First Pilot Participant – Hold onto your hats, folks! 🎩

Brevan Howard Digital, the ace squad of a global hedge fund, jumped aboard this wild ride, making a splash as one of the inaugural adventurers in this pilot. “This pilot reflects the growing institutionalization of digital assets,” summed up Ryan Taylor, the Chief Administrative Officer. “It’s like finding out that unicorns really do exist, and they come with a side of compliance!” 🦄📈

Adventures Under Dubai’s VARA Regulatory Framework

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Ah, but this isn’t just any casual frolic—oh no! The pilot pirouettes under the watchful eyes of the Dubai Virtual Asset Regulatory Authority (VARA), balancing multiple layers of compliance like a circus performer on a tightrope.

Standard Chartered, the independent guardian, stands tall through its DIFC-regulated entity, under the glimmering baroque dome of the Dubai Financial Services Authority. Meanwhile, OKX—a dazzling company in its own right—manages collateral with the elegance of a catwalk model strutting through the regulatory runway.

The grand design allows our intrepid participants to mirror collateral off-exchange, delivering flexibility and reducing counterparty risk faster than you can say “abracadabra!” 🪄✨

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2025-04-12 21:25