Standard Chartered partners with UK clearing pioneer

Standard Chartered has partnered with the UK’s first FCA‑regulated and centrally cleared trading venue dedicated to digital asset derivatives.

The deal will see GFO-X providing institutional clients with custody solutions for digital assets used as collateral.

The initiative is described as a world-first in regulated and centrally cleared digital asset derivatives.

It allows GFO-X’s clients to post cryptocurrencies, tokenised money market funds and other digital assets as collateral in a fully cleared and credit intermediated model.

Standard Chartered will act as the independent, regulated custodian. The service is expected to go live in the second half of 2026.

Margaret Harwood-Jones, global head of financing and securities services at Standard Chartered, said the collaboration shows how trusted institutions can shape secure market structures.

“Our partnership with GFO-X demonstrates how trusted institutions can help shape a secure and scalable market structure,” she said.

She added that combining custody with central clearing and credit intermediation will support responsible long-term growth in the digital asset ecosystem.

GFO-X operates the UK’s first FCA-regulated and centrally cleared digital asset derivatives trading venue.

In September 2025, its Abu Dhabi unit received approval from the Financial Services Regulatory Authority of ADGM to operate as a Recognised Investment Exchange and Recognised Clearing House. This approval has since been extended to cover securities and ETFs.

Arnab Sen, chief executive and co-founder of GFO-X, said the partnership would unlock significant demand.

“Allowing institutional clients to post digital assets as collateral will unlock a significant amount of pent-up demand for trading,” he said.

He added using Standard Chartered as custodian enhances risk management and reduces counterparty exposure.

 

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