Lloyds Bank and Aberdeen Investments have entered into a strategic partnership with digital asset exchange Archax to incorporate Bitcoin as collateral for foreign exchange (FX) contracts.
The collaboration leverages Archax’s secure institutional-grade platform to enable cryptocurrency-backed FX transactions, marking a significant integration of digital assets into traditional financial operations.
This initiative aims to enhance financial frameworks by providing new collateralization options for institutional market participants, demonstrating growing acceptance of Bitcoin in mainstream finance mechanisms.