Bybit Lets Institutions Use Franklin Templeton Tokenized Fund Shares As Collateral
Bybit and Franklin Templeton have launched an off-exchange collateral program for eligible institutional clients. Tokenized money-market fund shares issued through Franklin Templeton’s Benji platform can be pledged while clients trade on Bybit. The structure lets institutions keep collateral in regulated custody rather than moving the assets directly onto the exchange.
Key Takeaways
- Bybit and Franklin Templeton have launched an off-exchange collateral program for eligible institutional clients.
- Tokenized money-market fund shares issued through Franklin Templeton’s Benji platform can be pledged while clients trade on Bybit.
- The structure lets institutions keep collateral in regulated custody rather than moving the assets directly onto the exchange.
Summary generated by IndiCrypto from Bitcoinist. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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