Australian Digital Asset Firm Adopts 'Collateral Mirroring' for Institutional Crypto 🇦🇺
An Australian digital asset firm, Jelly C, has joined a new collateral mirroring program, enhancing the safety and efficiency of institutional crypto trading. This program lets Standard Chartered, a global investment bank, manage asset custody.
Jelly C is using Franklin Templeton’s tokenized money market fund (TMMF) as off-exchange collateral for trading on OKX. It allows them to trade securely while using "mirrored" capital instead of holding funds in a third-party wallet. The move is aimed at boosting capital efficiency and aligning digital asset investing with the safety standards of traditional finance 🔒.
CEO Michael Prendiville highlighted growing institutional demand for crypto solutions that leverage traditional banking infrastructure. This new approach is making digital asset trading safer and more efficient for large-scale investors in Australia 🌏.
Stay Updated on the Latest Crypto Trends and Prices!
The market is moving fast, and crypto opportunities are rising 🌟. Keep an eye on these trends for your next investment! 📊
👉 Follow me for more latest updates and insights 👍
Thankyou 🙏