Franklin Templeton brings its tokenized collateral service to Bybit
Summary
Franklin Templeton is extending its off-exchange collateral program to Bybit. Users can pledge shares in its tokenized money market funds—representing about $686 million in net assets—to borrow USDT or USDC while retaining yield. ByCustody holds the assets off-exchange, with their value mirrored on Bybit. Franklin Templeton already offers the program through Binance and OKX. The fund’s latest reported annualized yield is 3.7%. The move adds to growing use of tokenized funds as trading collateral, including BlackRock’s BUIDL on platforms such as Crypto.com and Deribit.
