JellyC Partners with OKX and Standard Chartered to Enhance Secure Institutional Trading via Tokenized Collateral

JellyC, an Australian digital asset manager with over $100 million in assets under management (AUM), has announced a partnership with cryptocurrency exchange OKX and Standard Chartered to enhance secure trading through off-exchange collateral mechanisms [2][4]. The collaboration leverages tokenized money market funds (TMMFs), including Franklin Templeton’s TMMF, as collateral, enabling institutional clients to execute trades without transferring assets between exchanges [1][4]. This structure aims to reduce operational risks while maintaining liquidity, a critical consideration in the volatile crypto market [1].

The tripartite arrangement involves Standard Chartered holding the collateral, aligning the framework with traditional finance standards [2]. By integrating Standard Chartered’s banking infrastructure, OKX’s exchange platform, and JellyC’s $100 million AUM, the partners aim to create a secure trading environment for institutional clients [4]. JellyC has committed an investment of over $50 million (approximately $75 million AUD) to support the initiative [3], underscoring its growing influence in the Asia-Pacific crypto sector [2].

The partnership addresses post-FTX concerns about exchange risk by providing bank-custodied collateral to institutional investors [2]. CEO Michael Prendiville emphasized that the tripartite structure “elevates safety and soundness to a level akin to traditional finance,” making it suitable for a digital world [4]. This approach allows traders to use off-exchange assets as collateral, mitigating exposure to exchange-specific vulnerabilities [1]. The initiative also introduces a streamlined framework for institutional-grade transactions, reflecting broader trends toward institutional adoption of digital assets [4].

Analysts suggest that such collaborations could accelerate the integration of tokenized assets into traditional finance, though challenges such as regulatory frameworks and market volatility remain [5]. The partnership’s focus on compliance-driven infrastructure aligns with industry efforts to bolster investor confidence amid heightened scrutiny [4]. By leveraging tokenized funds, the arrangement may set a precedent for future industry practices, particularly in wealth management sectors seeking secure trading solutions [2].

Source: [1] Crypto Fund JellyC Teams Up With Standard Chartered, OKX for Secure Crypto Trading,[https://www.coindesk.com/markets/2025/07/29/crypto-fund-jellyc-teams-up-with-standard-chartered-okx-for-secure-crypto-trading] [2] Australian Crypto Fund JellyC Teams Up With Standard ..., [https://www.allsides.com/news/2025-07-29-0200/australia-australian-crypto-fund-jellyc-teams-standard-chartered-okx-secure] [3] Crypto India Magazine | Web3 News, [https://x.com/CryptoIndiaMag/status/1950130****75304113] [4] XT Community News, [https://www.xt.com/en/blog/community-news/2025-07-29T09:03:21.000Z] [5] Filtering the noise: July 29, 2025, [https://medium.com/beyond-the-crypto-horizon/filtering-the-noise-july-29-2025-6ac6f198d35f]