Bybit accepts Franklin Templeton tokenized funds as trading collateral
Summary
Franklin Templeton and Bybit launched a program that lets institutional clients use tokenized shares of Franklin Templeton money market funds as trading collateral. The shares, issued through the Benji platform, stay in off-exchange custody while clients borrow USDT or USDC credit lines on Bybit, allowing them to keep earning fund yield without selling or moving the assets onto the exchange. The firms also plan a separate tokenized investment product for Bybit wallet users and the Mantle network. The move reflects rapid growth in tokenized money market funds, a market now worth over $9 billion.
