OKX and JellyC Partner With TradeFi Giants For Safer Institutional Crypto Trading in Australia

OKX:- In a bid to relieve Institutions considering crypto investments from risks, OKX and a Sydney-based crypto fund, JellyC, have announced a major tripartite collateral agreement.

The agreement. besides these two players, involves Franklin Templeton and Standard Chartered aimed at providing institutional traders a safer, more efficient way to access crypto markets.

What exactly is the Agreement

Under the programme, JellyC will be able to use both cryptocurrencies and Franklin Templeton’s Tokenised Money Market Fund (TMMF) as off-exchange collateral for trading on OKX.

Franklin Templeton’ TMMF is minted directly on public blockchains, allowing large institutions to convert portions of their cash holdings into on-chain tokens. These tokens are fully backed by money-market instruments – such as commercial paper and government bills – offered under existing regulatory frameworks.

Further, Standard Chartered – one of the world’s largest banks – will hold this collateral in custody, ensuring full regulatory compliance and security.

This implies that when JellyC would move some of its crypto and TMMF tokens into a secure account overseen by Standard Chartered, OKX is notified on-chain that the tokens are locked up as collateral.

With collateral in place, JellyC (and other approved institutions) can borrow trading power on OKX – meaning they can open bigger positions without liquidating their own holdings.

If trades go well, they pay back any borrowed funds plus fees; if a position loses too much value, OKX liquidates the pledged assets to cover the loss. As part of the program, JellyC is seeking to invest around US$50 million. This is ultimately going to benefit pension funds, asset managers and family offices in Australia can finally run meaningful, compliant crypto strategies.

Boost for Crypto Adoption in Australia?

OKX’s programme is designed to be open to “other approved institutions” – which could include APRA-regulated super funds or their specialist vehicles. There has been an interest from Super Funds in Australia but not yet allocation. Though formal allocations remain limited, Australian self-managed superannuation funds (SMSFs) now hold approximately A$1.6 billion in crypto assets, signaling initial institutional participation.

Large funds like AustralianSuper and QSuper are yet to announce direct holdings. They haven’t yet made significant allocations due to concerns around custody, risk, and volatility.

This also comes as Australia is entering a six-month pilot phase called Project Acacia – the next stage of the Reserve Bank of Australia’s digital currency exploration. Led by the RBA alongside the Digital Finance Cooperative Research Centre, the program involves 24 use cases: 19 real-money pilots and 5 proofs-of-concept.

Major banks (CBA, Westpac, ANZ), fintechs, and industry partners are set to test tokenized asset markets across major sectors in the country.