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BlackRock OKX Deal Links Tokenized Fund Collateral To Crypto Trading

BlackRock OKX Deal Links Tokenized Fund Collateral To Crypto Trading

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  • BlackRock (NYSE:BLK) has entered a new digital asset partnership with crypto exchange OKX.

  • The agreement uses a $2.5b BlackRock institutional money market fund as collateral on OKX, with custody support from Standard Chartered.

  • This structure links a regulated money market product with a major crypto trading venue through bank-grade custody.

BlackRock, trading at around $1,056.86 per share, has already seen substantial multi year share price gains, including a 71.1% return over 3 years and 44.3% over 5 years. The stock is up 13.2% over the past 30 days and 18.0% over the past year, while year to date…

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