Institutional Crypto Trading Program Enters Partnership with JellyC, Involving OKX and Standard Chartered for Digital Asset Management
In a significant move for the cryptocurrency industry, Australian digital asset investment manager JellyC has joined forces with cryptocurrency exchange OKX and international bank Standard Chartered in a tripartite collateral program. The program, announced on July 30, 2025, aims to bridge institutional-grade security with crypto market access.
The arrangement serves as a custodian in the program, with Standard Chartered's custody services providing safety and soundness to a level akin to traditional finance, as stated by JellyC's CEO, Michael Prendiville. The collaboration also integrates Franklin Templeton's tokenized money market fund (TMMF) into JellyC's operational structure.
Franklin Templeton's digital assets team developed the TMMF as part of their real-world asset tokenization initiative. The TMMF operates on blockchain infrastructure, providing real-time ownership verification and daily token distributions. This legal certainty of fund ownership in real time, as Prendiville noted, is a key feature of the TMMF.
The program enables institutional traders to use tokenized assets as trading collateral while maintaining traditional banking custody standards. This opens up a new avenue for institutional investors, including wealth managers and superannuation funds, to participate in the crypto market.
OKX Australia CEO, Kate Cooper, stated that the collaboration with world-class partners has built the infrastructure that institutions have been waiting for. The partnership with JellyC allows for the posting of cryptocurrencies and TMMF as off-exchange collateral for trading on OKX.
JellyC operates four investment funds: Bluebottle Bitcoin Plus Fund, Market Neutral Fund, Digital Infrastructure Fund, and Multi-Strategy Fund. The person managing the digital asset funds of JellyC is not publicly disclosed. The Bluebottle Bitcoin Plus Fund targets enhanced Bitcoin exposure, while the Market Neutral Fund generates income through blockchain strategies. The Digital Infrastructure Fund focuses on staking yields, and the Multi-Strategy Fund offers diversified digital investments.
The partnership with OKX and Standard Chartered marks a significant step forward for JellyC, expanding its offerings and providing a more secure environment for institutional investors to participate in the crypto market. The program launched on July 30, 2025, and is expected to attract a large number of institutional investors in the coming months.
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