JellyC Partners With OKX and Standard Chartered to Enable Off-Exchange Crypto Trading Using Tokenized Funds
Digital asset investment firm JellyC has announced a new collaboration with crypto exchange OKX and international banking group Standard Chartered, aimed at enabling secure cryptocurrency trading through the use of tokenized money market funds as collateral.
The Australia-based company, which manages over $100 million in digital assets, said it will utilize Franklin Templeton’s tokenized money market fund (TMMF) as its preferred collateral for trades. According to a press release, these assets will be held by Standard Chartered, ensuring that collateral remains secure off-platform.
JellyC emphasized that the new structure boosts capital efficiency while limiting direct exposure to OKX, reducing counterparty risk and addressing concerns that have lingered in the wake of the FTX collapse.
“Franklin Templeton’s TMMF, which is natively minted on-chain, offers real-time, 24/7 fund ownership and daily token airdrops,” said JellyC CEO Michael Prendiville. “Combining this with Standard Chartered’s custody and OKX’s execution capabilities provides a robust infrastructure that mirrors the reliability of traditional finance.”
Prendiville also highlighted the relevance of the initiative for institutional investors, wealth managers, and Australia’s superannuation (pension) sector, which are seeking compliant, secure solutions to access digital asset markets.
By integrating tokenized financial instruments into a regulated custody and trading framework, the partnership reflects a growing push to bring institutional-grade standards to the digital asset ecosystem.
