JELLYC, a digital asset investment manager with more than $ 100 million in assets under management, said he joined a program with OKX Crypto Exchange and International Bank Standard Charter (Stan) which will allow him to exchange cryptocurrencies while keeping his secure guarantee outside the platform.
The Australian company said that it would use a Franklin Templeton Tokenized Money Market Fund (TMMF) as a favorite commercial guarantee. The warranty will be held by Standard Chartered, according to the press release shared with Coindesk.
Jellyc said the initiative will improve its capital efficiency and reduce its direct exposure to OKX, potentially attracting institutional investments and attenuating the risk of an FTX style explosion which has destroyed billions of investor wealth.
“The TMMF in native chain of Franklin Templeton provides a legal certainty of real-time property ownership, 24/7/365, and Airdms daily as new tokens,” said the CEO of Jelyc, Michael takesiville, in the email. “Mar marry the Franklin TMMF with the Standard Tipartite and OKX collateral structure raises security and solidity at a level related to traditional finance, which makes it convinced in a digital world.”
Preville said the approach is suitable for the wealth and fund management sector, as well as Australia’s retirement pension, or pension economies, industry and responds to the demand for digital asset trading products that operate the banking infrastructure established to ensure a deployment of secure capital and compliant on the cryptocurrency market.
