JellyC joins OKX and Standard Chartered collateral programme
06 August 2025 Australia
Image: Jacek/stock.adobe.com
JellyC, an Australasian digital asset investment manager, has entered a strategic relationship to join the recently launched tripartite collateral programme with OKX and Standard Chartered.
In April, Standard Chartered and OKX launched a collateral mirroring programme to allow institutions to utilise cryptocurrencies and tokenised money market funds (TMMFs) as off-exchange collateral for trading.
Through the new collaboration, JellyC will use cryptocurrencies and Franklin Templeton鈥檚 TMMF as off-exchange collateral for trading on the OKX platform, while using Standard Chartered as the custodian for the collateral.
JellyC will gain access to on-chain assets developed by Franklin Templeton鈥檚 digital assets team, integrating this into its financial and operational structures.
The initiative aims to enhance security and capital efficiency for JellyC, while maintaining a high standard of security.
Michael Prendiville, CEO of JellyC, says: 鈥淔ranklin Templeton鈥檚 natively minted on-chain TMMF provides legal certainty of fund ownership in real time, 24/7/365, and airdrops daily as new tokens.
鈥淢arrying the Franklin TMMF with the Standard Chartered-OKX tripartite collateral structure elevates safety and soundness to a level akin to traditional finance, making this fit for purpose in a digital world.鈥�
Prendiville notes that there is an increasing institutional demand for digital asset trading solutions that use established banking infrastructure, ensuring secure and compliant capital deployment in crypto markets.
Kate Cooper, OKX Australia CEO, adds: 鈥淚nstitutional traders seeking exposure to crypto markets have historically faced a challenging trade-off between market access and asset security.
鈥淭hrough collaboration with world-class partners, we've built the infrastructure that institutions have been waiting for 鈥� combining deep liquidity with institutional-grade custody and compliance.
鈥淛ellyC joining the tripartite programme validates our approach to solving the key barriers to institutional crypto adoption. This is just the beginning of what we expect to be significant institutional momentum in the Australian market.鈥�
In April, Standard Chartered and OKX launched a collateral mirroring programme to allow institutions to utilise cryptocurrencies and tokenised money market funds (TMMFs) as off-exchange collateral for trading.
Through the new collaboration, JellyC will use cryptocurrencies and Franklin Templeton鈥檚 TMMF as off-exchange collateral for trading on the OKX platform, while using Standard Chartered as the custodian for the collateral.
JellyC will gain access to on-chain assets developed by Franklin Templeton鈥檚 digital assets team, integrating this into its financial and operational structures.
The initiative aims to enhance security and capital efficiency for JellyC, while maintaining a high standard of security.
Michael Prendiville, CEO of JellyC, says: 鈥淔ranklin Templeton鈥檚 natively minted on-chain TMMF provides legal certainty of fund ownership in real time, 24/7/365, and airdrops daily as new tokens.
鈥淢arrying the Franklin TMMF with the Standard Chartered-OKX tripartite collateral structure elevates safety and soundness to a level akin to traditional finance, making this fit for purpose in a digital world.鈥�
Prendiville notes that there is an increasing institutional demand for digital asset trading solutions that use established banking infrastructure, ensuring secure and compliant capital deployment in crypto markets.
Kate Cooper, OKX Australia CEO, adds: 鈥淚nstitutional traders seeking exposure to crypto markets have historically faced a challenging trade-off between market access and asset security.
鈥淭hrough collaboration with world-class partners, we've built the infrastructure that institutions have been waiting for 鈥� combining deep liquidity with institutional-grade custody and compliance.
鈥淛ellyC joining the tripartite programme validates our approach to solving the key barriers to institutional crypto adoption. This is just the beginning of what we expect to be significant institutional momentum in the Australian market.鈥�
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