Australian Digital Asset Firm Adopts ‘Collateral Mirroring’ for Institutional Crypto

An Australian digital asset investment firm, Jelly C, has joined a new “collateral mirroring” program, enabling lower-risk institutional crypto trading via the OKX exchange.

This program uniquely allows Standard Chartered, a global investment bank, to handle asset custody. Jelly C will primarily use Franklin Templeton’s tokenized money market fund (TMMF) as off-exchange collateral for trading on OKX, though cryptocurrencies can also be used to a lesser extent. JellyC stated this initiative significantly boosts its capital efficiency while maintaining high security standards by working with “mirrored” capital rather than funds held in a third-party wallet. Michael Prendiville, Jelly C’s CEO, emphasized that this arrangement elevates institutional digital asset investing in Australia to the safety standards of traditional finance. Prendiville highlighted increasing institutional demand for digital asset trading solutions that utilize established banking infrastructure.