Secure Crypto Trading Gets a Lift as JellyC Aligns With OKX and Standard Chartered

JellyC Taps OKX, Standard Chartered for Off-Exchange Crypto Trading Using Tokenized Collateral

Digital asset manager JellyC has joined forces with crypto exchange OKX and global banking giant Standard Chartered to enable secure, off-exchange cryptocurrency trading backed by tokenized money market funds.

The Australia-based firm, which oversees more than $100 million in assets, will use Franklin Templeton’s tokenized money market fund (TMMF) as its primary form of collateral. That collateral will be held securely by Standard Chartered, reducing JellyC’s direct counterparty risk with OKX and improving overall capital efficiency.

The new framework allows JellyC to trade crypto assets while minimizing exposure to exchange failures—addressing institutional concerns that intensified after the collapse of platforms like FTX.

“Franklin Templeton’s on-chain TMMF provides real-time legal certainty of fund ownership and distributes new tokens daily,” said JellyC CEO Michael Prendiville. “By integrating that with custody from Standard Chartered and execution on OKX, we’re raising the bar for institutional-grade crypto infrastructure.”

Prendiville added that the structure is particularly well-suited for asset managers, wealth funds, and Australia’s superannuation industry, as it combines blockchain innovation with the safeguards of traditional finance.

The initiative aligns with a broader industry trend of merging tokenized finance with regulated custodial frameworks to foster safer, more compliant institutional access to digital assets.