Written by: Aiying
In today's rapidly developing crypto market, I often hear a common challenge when serving institutional clients: high counterparty risks and significant security concerns that deter many institutions from digital assets. The bankruptcy of crypto exchange FTX in 2022, causing billions of dollars in losses, highlighted the severity of the trust crisis. In April 2025, Standard Chartered Bank and OKX launched the "Collateral Mirroring Plan" in Dubai, providing a pragmatic solution to this issue. The plan utilizes the custody services of Global Systemically Important Banks (G-SIB), combined with cryptocurrencies and tokenized funds, to create a secure and compliant trading environment for institutional clients. How does its operational mechanism work? How is it regulated? What application scenarios can it support? With these questions, I will delve into an analysis of this plan and explore how it paves the way for the integration of traditional finance and digital assets.
[The rest of the translation follows the same professional and accurate approach, maintaining the specific terminology translations as instructed.]Second Dubai's pilot may provide reference for other regions. Dubai's regulatory created for and if shows improved trading efficiency and safety, crypto-friendly markets like Hong Kong and Singapore may learn model. the Monetaryary Authority of Singapore's (MAS) sandbox has supported blockchain projects, and the plan's technical technical has replication potential. Blockchain technology optimization (such as reducing reducing gas fees) will also reduce transaction costs and enhance competitiveness.
