JellyC, an Australian digital asset investment manager commanding over $100 million in assets, has embarked on a strategic alliance with crypto exchange OKX and banking giant Standard Chartered. Announced today, the collaboration aims to revolutionize how JellyC engages in cryptocurrency trading—by ensuring collateral stays secure off-platform. This move is expected to lure institutional investors by reducing risk, echoing a growing demand for safer crypto trading environments.
A New Era in Crypto Trading
In a landscape still haunted by high-profile collapses (think FTX), JellyC’s new initiative could be a game-changer. By leveraging a Franklin Templeton tokenized money market fund (TMMF) as its trading collateral, JellyC intends to bolster capital efficiency while minimizing direct exposure to OKX. The collateral will be securely held by Standard Chartered, a move that CEO Michael Prendiville claims brings the security and soundness of traditional finance into the digital age. This is in line with Standard Chartered’s recent initiatives, as they became the first global bank to offer spot Bitcoin and Ether trading.
“The Franklin TMMF grants real-time, 24/7/365 legal certainty of fund ownership,” Prendiville explained in an email, noting that marrying this with a tripartite structure involving Standard Chartered and OKX enhances safety. Prendiville’s assertion underscores the industry’s pivot toward products that marry digital innovation with established financial principles—a harmony appealing to both the wealth management sector and Australia’s hefty superannuation industry.
Institutional Magnetism
The nuanced structure of this partnership seems tailored to attract more institutional players who have long sought secure avenues for digital asset trading. The use of Standard Chartered as a custodian adds a layer of trust, potentially mitigating fears of market volatility or sudden exchange failures. According to crypto analyst Samantha Greer, this development could mark a “seismic shift” in how institutions view crypto investments. “It’s not just about chasing returns anymore,” Greer commented. “Security and compliance are now at the forefront, and initiatives like this are setting new industry standards.” This follows Standard Chartered’s launch of Bitcoin and Ether trading for institutions, further solidifying its role in the crypto space.
The reliance on a tokenized money market fund also represents a growing trend: the fusion of blockchain technology with traditional financial instruments. Franklin Templeton’s TMMF, a blockchain-native product, provides an additional layer of transparency and efficiency. New tokens are airdropped daily, ensuring liquidity and seamless fund access—a feature that could make even the most cautious of investors reconsider their crypto stance.
The Bigger Picture
JellyC’s move comes at a time when the cryptocurrency market is witnessing a maturation phase. Regulatory scrutiny is tightening, and investors are increasingly drawn to platforms that prioritize security and compliance. The partnership with OKX and Standard Chartered may also encourage other exchanges and financial institutions to explore similar collaborations, sparking a trend toward more secure trading ecosystems.
Yet, questions linger about whether such models can be scaled effectively across the industry. Can the current infrastructure support widespread adoption without compromising on speed or accessibility? And will the integration of traditional finance elements ultimately stifle the decentralized ethos that cryptocurrencies were founded on?
As JellyC, Standard Chartered, and OKX embark on this ambitious journey, the cryptocurrency community watches with bated breath. The implications could be far-reaching, influencing not only how trades are conducted but also how digital assets are perceived in the broader financial landscape.
In the coming months, the industry will likely see more partnerships aiming to combine the best of both worlds—traditional finance’s safety and the innovation of digital assets. Whether this strategy will become the norm remains to be seen, but one thing is clear: JellyC’s initiative is a bold step forward in the ever-evolving saga of cryptocurrency trading.
Source
This article is based on: Crypto Fund JellyC Teams Up With Standard Chartered, OKX for Secure Crypto Trading
Further Reading
Deepen your understanding with these related articles:
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- House Gears Up for Crypto Market Structure Vote on Wednesday, Stablecoins Thursday
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
