Bybit and Franklin Templeton Form Strategic Collaboration to Expand Access to Tokenized Investing
The partnership lets users borrow USDT or USDC against tokenized money market fund shares while continuing to earn yield on about $686 million in assets.
- On Monday, Sept 28, 2026, Bybit announced a strategic collaboration with Franklin Templeton, a global investment leader with $1.7 trillion in assets under management. The partnership launches an off-exchange collateral program allowing users to leverage tokenized money market fund shares for crypto trading.
- Shares issued through the Benji Technology Platform currently pay a 3.7% annualized yield. ByCustody holds these assets off-exchange, mirroring their value within Bybit's trading environment so clients can borrow USDT or USDC while continuing to earn yield on underlying holdings.
- "As institutional adoption of digital assets accelerates, investors increasingly expect the same flexibility, capital efficiency, and risk management standards they are accustomed to in traditional markets," said Yoyee Wang, Global Head of RWA and TradFi at Bybit. This infrastructure enables eligible clients to reduce counterparty exposure.
- "Tokenization continues to reshape finance, and we're excited to partner with Bybit to increase access to actively managed retail investment solutions that meet the evolving needs of the wallet ecosystem," said Sandy Kaul, Head of Digital Assets and Innovation at Franklin Templeton.
- Franklin Templeton also offers tokenized funds to customers of Binance and OKX, reflecting a broader industry pattern. The firms will release educational initiatives to help retail investors explore traditional investment strategies, goals-based investing, and diversification within the digital ecosystem.
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Cryptocurrency News | Cryptocurrency Prices | Market CapFranklin Templeton brings $687M tokenized fund to Bybit
Franklin Templeton brings its $687M tokenized money market fund to Bybit, letting eligible clients use Benji shares as off-exchange collateral.
Bybit and Franklin Templeton Form Strategic Collaboration to Expand Access to Tokenized Investing
The wider collaboration launches with a new off-exchange collateral program that unlocks trading liquidity for institutional clients, alongside initiatives to bring tokenized wealth and yield-generation strategies to wallet-based investors
Bybit and Franklin Templeton announced a collaboration that will allow eligible institutional customers to use tokenized money market fund shares as collateral outside the exchange. The agreement also includes tokenized investment products and financial education for Wallets users.
Franklin Templeton Expands Tokenized Collateral to Bybit
The expansion, the precise terms and timing of which have not been independently confirmed as of publication, would allow Bybit participants to use Franklin Templeton's tokenized fund products as eligible collateral, potentially replacing idle cash margin with interest-accruing on-chain instruments.Read more...
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