The Australasian digital asset investment manager will use cryptocurrencies and a tokenised money market fund as off-exchange collateral for trading on the OKX platform
The use of a central counterparty aims to strengthen market stability, reduce systemic risk, and align with international best practices, according to the exchange
The move aims to allow institutional users the additional choice to hold USYC and cUSDO off-exchange, access to the Binance platform, and receive yield on their pledged collateral