Under the management, a digital asset investment manager, Jelik, with more than $ 100 million in the property, said that the Crypto Exchange was involved in an event with OKX and International Bank Standard Chartered (Stan), which would allow it to trade Cryptocurrency while maintaining its collateral safe off-platform.
The Australian company stated that it would use Franklin Templeton token Money Market Fund (TMMF) as its favorite trading collecting. According to a press release shared with the coindsk, the collateral will be conducted by Standard Chartered.
Jelik said the initiative will increase its capital efficiency and reduce its direct risk for OKX, potentially attract institutional investments and reduce the risk of an FTX-style blowup that destroys billions in investor money.
Jelly CEO Michael Prendivil said in the email, “The originally collided TMMF of Franklin Templeton provides the legal certainty of the fund ownership in the real -time, 24/7/365, and the daily aircraft, as the new tokens, said in the email. “Marrying Franklin TMMF with standard chartered and OKX tripartite collateral structure, increases security and sound for a level for traditional finance, making it fit for purpose in a digital world.”
Prendville stated that this approach is suitable for money and money management sector, as well as Australia’s supernation, or pension saving, industry and digital asset trading products demanding the demand for industry and digital asset trading products that establish banking infrastructure to ensure safe and compliance capital deployment in the cryptocurrency market.
