JellyC Taps OKX and Standard Chartered for Tokenized Collateral Trading Framework
Digital asset manager JellyC has partnered with crypto exchange OKX and banking heavyweight Standard Chartered to implement an off-exchange collateral structure using tokenized money market funds (TMMFs).
The Australian-based firm, which manages over $100 million in assets, will use Franklin Templeton’s on-chain money market fund as collateral for trading activities. Custody of the collateral will be handled by Standard Chartered, creating a secure environment that reduces counterparty risk and enhances capital efficiency.
“This structure mirrors the risk controls of traditional finance while unlocking new efficiencies in crypto,” said JellyC CEO Michael Prendiville. He added that Franklin Templeton’s tokenized fund offers 24/7 verifiable ownership and daily airdrops of new tokens, aligning with the needs of institutional investors.
By integrating custody, tokenized assets, and exchange execution in a tripartite arrangement, the initiative aims to attract institutional capital while mitigating risks associated with centralized exchanges. JellyC said the model is well-suited for the wealth management and superannuation sectors seeking regulated crypto exposure.
The announcement reflects broader industry momentum toward using blockchain-based financial products in institutional trading workflows—especially those that balance innovation with compliance and risk controls.
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