OCCS partners with standard rents for the CRIPTO program for mirror mirror

The OCCS is a partnership with standard to enable institutional clients to use cryptal as a collateral in a regulated manner.

Ok (OKB) strengthens its offer for institutional clients. On Thursday, 10. April, Cripto Exchange In partnership with standard rentWith a medium from Brevan Howard and Franklin Templeton, to launch a collateral mirror program.

This program will allow institutional clients to keep their security stanned rent instead of the OCCS. The exchange will then “mirror” of this security on their accounts, without detention.

The program was launched as a pilot, in accordance with Dubai Regulatory Authority for Virtual Property (known as Cheats). Standard Chartered will serve as a guardian under this framework, oversee Dubai’s financial regulators.

“Standard authorized acts as an independent, regulated guardianship Standard in the Dubai International Financial Center (DIFC), regulated by the Dubai Financial Services organ, ensuring the safe storage of assets used as security,” OCCS)

Why does the OCX offer standard authorized detention

There is an increasing demand among the CRIPTO trading institutions. For example, the CME group reported a Increase 73% In a daily average amount of her crypto market market. However, these institutional clients do not trust cropto exchanges with the guardianship of their resources.

Exchange, for example, are managed by risk of hacking and bankruptcy, as in the case of FTK. This, in turn, exposes institutional clients to the opposite risk, potentially leading to billions in losses.

At the same time, regulations for CRIPTO exchange is usually less strict than those for banks or other financial institutions. For this reason, the collateral mirror allows institutions to provide their funds with reliable parties.

Moreover, the standard chartered is a globally system important bank, which means that it belongs to some of the strictest regulations in financial markets. Users are separated from the Bank’s balance sheet, ensuring that they are protected even if standard authorized meetings of financial difficulties.