Jessie A Ellis
Nov 03, 2025 13:20
BounceBit partners with OKX and Standard Chartered to expand institutional access to tokenized U.S. Treasuries, enhancing custody and execution through innovative strategies.
In a significant move to broaden institutional access to tokenized assets, BounceBit has announced a collaboration with financial giants OKX and Standard Chartered. This partnership aims to enhance the custody and execution of tokenized U.S. Treasuries through innovative CeDeFi strategies, according to BounceBit.
Integration of Tokenization Strategies
The collaboration leverages Prime’s tokenized Treasury CeDeFi strategies by pairing custody at a Global Systemically Important Bank (G-SIB) with off-exchange settlement and execution on OKX. This integration is designed to fit seamlessly into existing institutional workflows, allowing for scalability and practical tokenization.
Operational Mechanics
Prime sources regulated tokenized cash equivalents from Franklin Templeton’s Benji and BlackRock’s BUIDL through Securitize. These assets are kept in custody at Standard Chartered and mirrored to OKX for execution. Institutions benefit from retaining legal ownership, receiving audit-ready reporting, and gaining 24/7 collateral mobility.
Strategic Framework
The architecture of this collaboration separates the custody of assets from their usage, ensuring:
- Secure Bank Custody: Assets are governed and segregated at Standard Chartered.
- Efficient Execution and Liquidity: Trading and settlement are conducted off-exchange on OKX.
- Dynamic Collateral Mirroring: Real-time collateral movement occurs without transferring assets onto an exchange.
This setup reduces venue risk, optimizes capital use, and enables programmatic controls that traditional financial systems struggle to provide.
Implications for Institutional Treasuries
The tokenized Treasuries now operate at production scale, offering clear ownership, continuous liquidity access, and comprehensive reporting suitable for institutional treasuries. This development marks a pivotal step towards enabling funds and fixed income to operate natively on the blockchain.
Future Prospects
Looking ahead, Prime plans to expand into broader real-world asset (RWA) access and structured yield strategies tailored for institutional use. This initiative aims to provide yield with enhanced control and transparency, appealing to institutions with such mandates.
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