JellyC Partners With Standard Chartered and OKX to Secure Digital Asset Collateral Using Tokenized Funds
Australian digital asset investment firm JellyC is collaborating with OKX and Standard Chartered to implement a secure off-exchange trading solution using tokenized money market funds (TMMFs) as collateral.
As part of the new initiative, JellyC—managing over $100 million in assets—will utilize a tokenized money market fund issued by Franklin Templeton to back its crypto trades. The collateral will be custodied by Standard Chartered, significantly reducing exposure to exchange-related risks.
The move is designed to improve capital efficiency and address concerns around counterparty risk, a key issue for institutional investors in the wake of high-profile exchange failures like FTX.
“Franklin Templeton’s natively on-chain TMMF offers real-time, round-the-clock proof of ownership and daily token distributions,” said JellyC CEO Michael Prendiville. “Combining that with OKX’s exchange infrastructure and Standard Chartered’s custody creates a structure with the same level of security and transparency as traditional finance.”
According to JellyC, the tri-party arrangement is ideally suited for the wealth management industry and Australia’s superannuation (pension) sector. The partnership is also expected to appeal to institutions seeking compliant, risk-managed pathways into the digital asset ecosystem.
This collaboration reflects a broader push toward integrating traditional financial safeguards with blockchain technology, particularly in institutional crypto trading environments.
