USDC
−0.0%
USDT
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MNT
−2.4%Bybit accepts Franklin Templeton tokenized fund shares as trading collateral
Image: CointelegraphFranklin Templeton and Bybit launched a program that lets eligible institutions pledge Benji-issued money market fund shares as trading collateral. The assets remain in off-exchange custody and can keep earning yield. Clients can access USDT or USDC credit lines to trade on Bybit without selling or transferring the shares. The service follows a similar Franklin Templeton arrangement with Binance. The companies also plan a tokenized investment product for Bybit wallet users and the Mantle network, with details undisclosed.
Key points
- Franklin Templeton and Bybit allow eligible institutions to pledge Benji tokenized money market fund shares as trading collateral.
- The shares remain in off-exchange custody and can keep earning yield while used for trading.
- The arrangement lets institutions use fund shares beyond a simple buy-and-hold investment.
Why it matters
The setup lets institutional traders use yield-bearing money market fund exposure as collateral while keeping assets off exchange. It adds Franklin Templeton's tokenized fund shares to Bybit's collateral options for professional users.
What's unclear
The reports give conflicting figures for Benji assets under management: one says tokenized offerings crossed $2 billion, while the other says Benji fell to about $669 million.
Details of the planned tokenized investment product for Bybit wallet users and the Mantle network have not been disclosed.
Price context · USDC
At publication
$0.9999
Now
$0.9999
Change since
+0.00%
7 days · dashed line = publication
Sources · 7 publishers
Crypto Briefing
Tier 2
Franklin Templeton expands tokenized collateral service to Bybit
Finbold
Tier 3
Bybit partners with Franklin Templeton to expand access to tokenized investing
The Defiant
Tier 1
Franklin Templeton Fund Shares Become Bybit Trading Collateral
Crypto.news
Tier 2
Franklin Templeton brings $687M tokenized fund to Bybit
CoinGape
Tier 2
Breaking: Franklin Templeton Partners With Bybit to Offer Tokenized Money Market Funds
Cointelegraph
Tier 1
Bybit accepts Franklin Templeton tokenized funds as trading collateral
Coverage timeline
- First reported by CoinDesk
- Confirmed by Crypto Briefing
- CryptoVideos brief published
How this brief was made. Our system found this event in 7 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
