TL;DR
This tracker exists because collateral mobility is the through-line of half the region's tokenisation pilots (Project Ensemble, GL1), but no single page listed which specific venues, banks, or platforms have actually said, publicly, that they accept a specific tokenised asset as collateral. Deliberately narrow by design: only publicly disclosed arrangements, and each entry marked live or announced-intent, since those are meaningfully different states. Two entries as of this writing; expect this list to grow as more announcements land, and treat its shortness as a reflection of how early this specific use case (not the tokenisation of the underlying asset, but its acceptance as collateral by a named counterparty) still is, not as a complete registry.
Tracked arrangements
| Asset | Accepting venue/custodian | Status | Announced | Detail |
|---|---|---|---|---|
| BlackRock BUIDL (tokenised US Treasury MMF) | OKX, with Standard Chartered as off-exchange custodian | Live | 28 April 2026 | Eligible institutional and VIP clients can post BUIDL as trading margin while it remains held off-exchange with Standard Chartered as custodian; the first arrangement of this kind with a G-SIB (globally systemically important bank) acting as custodian. |
| Franklin Templeton sgBENJI (tokenised US Dollar Short-Term MMF, on XRP Ledger) | DBS, via repo or third-party platforms with DBS as collateral agent | Announced intent, not confirmed live | 18 September 2025 (MOU with Franklin Templeton and Ripple) | DBS has stated it will enable sgBENJI holders to use their tokens as collateral for repo-based borrowing, either from DBS directly or from third-party platforms with DBS acting as collateral custodian. Secondary coverage as recently as mid-2026 continues to describe this in future tense ("plans to allow," "to accept"); this tracker treats it as announced rather than live until a primary DBS source confirms the facility is operational. |
What this tracker deliberately excludes
Settlement-asset use (a tokenised deposit or stablecoin used to settle a transaction) is not the same as collateral acceptance and is excluded here; Hong Kong's EnsembleTX phase of Project Ensemble, for instance, uses tokenised deposits to settle tokenised MMF transactions, which is a settlement-rail development, not a venue publicly stating it accepts a tokenised MMF as collateral against a credit or margin facility. Conceptual collateral-eligibility discussion (legal recognition, valuation, haircut methodology) lives in Evaluating tokenised assets as collateral; this page is the factual registry that playbook's abstract framework can be checked against.
Related
- Evaluating tokenised assets as collateral for the conceptual evaluation framework.
- Project Ensemble, GL1 for the infrastructure workstreams collateral mobility depends on.
- BlackRock, Standard Chartered, DBS for the named counterparties.