Franklin Templeton, Binance debut program that allows institutions to use tokenized money funds as trading collateral
Franklin Templeton and Binance launched a program letting institutions use tokenized money fund shares as off-exchange trading collateral.Summary
Asset manager Franklin Templeton and Binance have launched a joint program enabling institutional investors to use tokenized money market fund shares from Franklin Templeton’s Benji platform as trading collateral on Binance. This off-exchange collateral framework allows clients to maintain assets in regulated custody, continue generating yield, and access trading without direct asset transfers. Custody and settlement are managed by Ceffu, Binance’s institutional custody arm, ensuring assets remain off-exchange while their value is reflected in Binance’s trading system. This structure aims to lower counterparty exposure and improve capital efficiency for institutions seeking yield-bearing collateral in crypto markets. Franklin Templeton's tokenized treasury fund, FOBXX, is currently the fourth-largest globally.
(Source：Crypto Briefing)