Jellyc, a Digital Asset Investment Manager with over $ 100 million in assets under management, said it joined a program with Crypto Exchange Okx and International Bank Standard Chartered (Stan), which allows it to trade Cryptocurrencies while holding its collateral secure secure off-platform.
The Australian company said it will use a Franklin Templeton Tokenized Money Market Fund (TMMF) as its favorite trading safety. Security will be held by Standard Chartered, according to the press release shared with Coindesk.
Jeller said the initiative will improve its capital efficiency and reduce his direct exposure to OKX, potentially attract institutional investments and mitigate the risk of an FTX style blowup that ruined billions in investor wealth.
“Franklin Templeton’s natural-embossed TMMF chain provides legal security for real-time funding, 24/7/365, and Airdrops daily as new tokens,” Jellyc CEO Michael Printille said in the email. “To marry Franklin TMMF with the standard chartered and OKX tripartite structure increases safety and health to a level similar to traditional funding, making this the purpose of a digital world.”
Prendville said the procedure is suitable for wealth and fund management sectors as well as Australia’s super -financing or pensions savings, industry and addresses the demand for trade in digital asset that utilizes established bank infrastructure to ensure secure and compatible capital installation on cryptocurrency market.
