Bybit and Franklin Templeton launched on September 28 an off-exchange collateral program for eligible institutional clients. These clients can pledge tokenized money-market fund shares issued through Franklin Templeton’s Benji platform to cover trading activity on Bybit. This structure allows assets to remain in a regulated custody system rather than being deposited directly on the exchange. Users thus benefit from reduced counterparty exposure while allowing their collateral to continue generating the yield of the underlying fund. The collaboration also plans to explore additional tokenized investment and yield products for wallet-based users.
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