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, launching an off-exchange collateral program for tokenized money market funds.
- Eligible investors can pledge Benji-issued fund shares through ByCustody to access USDT or USDC trading credit lines while assets remain held off-exchange, earning a 3.7% annualized 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.
- "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 plan educational initiatives to help wallet-based investors explore traditional strategies and diversification.
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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
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...
Bybit And Franklin Templeton Tokenized Fund Collateral
Institutional clients on Bybit can now pledge tokenized money market fund shares from Franklin Templeton as collateral and trade against them without moving the shares onto the exchange. The announcement, dated September 28, calls this the first step in a wider collaboration that also reaches wallet-based retail investors. Franklin Templeton reports about $1.7 trillion under management, and Bybit says it has more than 80 million users. The colla…
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