{
  "version": 1,
  "event_id": "evt_b4fe8a1c5426449e",
  "url": "https://xiyu.news/events/evt_b4fe8a1c5426449e/",
  "json": "https://xiyu.news/api/events/evt_b4fe8a1c5426449e.json",
  "type": "other",
  "status": "monitoring",
  "category": "crypto",
  "title": {
    "zh": "Bybit 与 Franklin Templeton 合作，将代币化货币市场基金份额用作交易抵押品",
    "en": "Bybit and Franklin Templeton Form Strategic Collaboration to Expand Access to Tokenized Investing"
  },
  "current_state": {
    "zh": "富兰克林邓普顿与 Bybit 宣布推出一项计划，合格机构客户可以质押通过其 Benji 平台发行的富兰克林邓普顿货币市场基金代币化份额，作为在 Bybit 上以 USDT 或 USDC 计价的交易授信额度抵押品。这些基金份额留在交易所之外的托管账户中并继续产生收益，同时被用于为交易所内的交易提供资金。\n\n该安排把代币化货币市场基金份额从单纯的买入持有拓展为交易所交易的抵押品，使机构无需出售生息资产或将其转入交易所，即可为加密交易头寸融资。\n\n富兰克林邓普顿与 Bybit 表示，双方还计划面向 Bybit 钱包用户和 Mantle 网络推出代币化投资产品，但尚未披露细节。富兰克林邓普顿曾在 2026 年 2 月与币安运行过类似结构。",
    "en": "Franklin Templeton and Bybit launched a program letting eligible institutional clients pledge Benji-issued tokenized money market fund shares, held in off-exchange custody, as collateral for USDT/USDC credit lines used to trade on Bybit."
  },
  "first_seen_at": "2026-09-28T19:47:00.063896+00:00",
  "last_updated_at": "2026-09-29T10:50:16.913537+00:00",
  "last_material_change_at": "2026-09-28T19:47:29.312655+00:00",
  "confidence": 0.75,
  "updates_count": 1,
  "sources_count": 6,
  "entities": [
    "access",
    "become",
    "bybit",
    "collaboration",
    "collateral",
    "expand",
    "form",
    "franklin",
    "franklin-templeton",
    "fund",
    "investing",
    "shares",
    "strategic",
    "templeton",
    "tokenized",
    "tokenized-funds",
    "trading"
  ],
  "identifiers": [],
  "topics": [
    "bybit",
    "collateral",
    "franklin-templeton",
    "institutional-custody",
    "real-world-assets",
    "rwa",
    "tokenized-funds"
  ],
  "updates": [
    {
      "update_id": "upd_568a7592ff92436f",
      "event_id": "evt_b4fe8a1c5426449e",
      "occurred_at": "2026-09-28T12:53:37Z",
      "published_at": "2026-09-28T12:53:37Z",
      "first_seen_at": "2026-09-28T19:47:00.063896Z",
      "time_precision": "published",
      "update_type": "initial",
      "material_change": true,
      "title_zh": "加密友好机构富兰克林邓普顿将其代币化抵押品服务引入 Bybit",
      "title_en": "Bybit and Franklin Templeton Form Strategic Collaboration to Expand Access to Tokenized Investing",
      "what_changed_zh": "富兰克林邓普顿与 Bybit 宣布推出一项计划，合格机构客户可以质押通过其 Benji 平台发行的富兰克林邓普顿货币市场基金代币化份额，作为在 Bybit 上以 USDT 或 USDC 计价的交易授信额度抵押品。这些基金份额留在交易所之外的托管账户中并继续产生收益，同时被用于为交易所内的交易提供资金。\n\n该安排把代币化货币市场基金份额从单纯的买入持有拓展为交易所交易的抵押品，使机构无需出售生息资产或将其转入交易所，即可为加密交易头寸融资。\n\n富兰克林邓普顿与 Bybit 表示，双方还计划面向 Bybit 钱包用户和 Mantle 网络推出代币化投资产品，但尚未披露细节。富兰克林邓普顿曾在 2026 年 2 月与币安运行过类似结构。",
      "what_changed_en": "Bybit and Franklin Templeton announced a strategic collaboration aimed at broadening investor access to tokenized investment products.",
      "current_state_zh": "富兰克林邓普顿与 Bybit 宣布推出一项计划，合格机构客户可以质押通过其 Benji 平台发行的富兰克林邓普顿货币市场基金代币化份额，作为在 Bybit 上以 USDT 或 USDC 计价的交易授信额度抵押品。这些基金份额留在交易所之外的托管账户中并继续产生收益，同时被用于为交易所内的交易提供资金。\n\n该安排把代币化货币市场基金份额从单纯的买入持有拓展为交易所交易的抵押品，使机构无需出售生息资产或将其转入交易所，即可为加密交易头寸融资。\n\n富兰克林邓普顿与 Bybit 表示，双方还计划面向 Bybit 钱包用户和 Mantle 网络推出代币化投资产品，但尚未披露细节。富兰克林邓普顿曾在 2026 年 2 月与币安运行过类似结构。",
      "current_state_en": "Bybit and Franklin Templeton announced a strategic collaboration aimed at broadening investor access to tokenized investment products.",
      "detailed_summary_zh": "Bybit and Franklin Templeton announced a strategic collaboration aimed at broadening investor access to tokenized investment products.",
      "detailed_summary_en": "Bybit and Franklin Templeton announced a strategic collaboration aimed at broadening investor access to tokenized investment products.",
      "background_zh": "Benji 是富兰克林邓普顿用于其代币化美国注册货币市场基金的平台，该公司称这是首个在区块链上原生发行的此类基金。国际清算银行估计，截至 2025 年 9 月，代币化货币市场基金市场规模已超过 90 亿美元。贝莱德的 BUIDL 基金以 22 亿美元规模位居同类首位，并已被 Crypto.com 和 Deribit 接受为抵押品，币安则允许机构客户将 BUIDL 用作场外抵押品；据 RWA.xyz 数据，Benji 的管理规模在 4 月为 19.8 亿美元，此后已降至约 6.69 亿美元。",
      "background_en": "Benji is Franklin Templeton's platform for a tokenized U.S.-registered money market fund, described by the firm as the first such fund natively issued on blockchains. The Bank for International Settlements valued the tokenized money market fund market at more than $9 billion as of September 2025. Benji's assets under management stood at $1.98 billion as of April, later declining to about $669 million according to RWA.xyz data, while BlackRock's BUIDL fund is the largest at $2.2 billion and is accepted as collateral on Crypto.com and Deribit, with Binance allowing institutional clients to use BUIDL as off-exchange collateral.",
      "community_discussion_zh": "",
      "community_discussion_en": "",
      "market_impact_zh": "该整合把受监管的代币化基金产品与交易所授信额度连接起来，这一渠道主要影响在 Bybit 上使用 USDT 和 USDC 的机构交易者的资金效率，并加剧了已接受代币化货币市场基金份额作为抵押品的交易所之间的竞争，包括币安、Crypto.com 和 Deribit。计划在 Bybit 与 Mantle 上推出的产品还把该安排与特定链上网络绑定在一起。",
      "market_impact_en": "The integration links a regulated tokenized fund product to exchange credit lines, a channel that mainly affects capital efficiency for institutional traders using USDT and USDC on Bybit and intensifies competition among venues — Binance, Crypto.com and Deribit among them — that already accept tokenized money market fund shares as collateral. The planned product on Bybit and Mantle also ties the arrangement to a specific onchain network.",
      "importance_score": 7.5,
      "references": [
        {
          "url": "https://cryptobriefing.com/franklin-templeton-tokenized-collateral-bybit/",
          "title": "Franklin Templeton expands tokenized collateral service to Bybit"
        },
        {
          "url": "https://coinpedia.org/news/binance-franklin-templeton-off-exchange-collateral-program-goes-live-for-institutions/",
          "title": "Binance Partners With Franklin Templeton to Offer Tokenized ..."
        },
        {
          "url": "https://digitalassets.franklintempleton.com/benji/",
          "title": "BENJI is the World’s First U.S.-Registered Money Market Fund,"
        },
        {
          "url": "https://coinpaprika.com/education/franklin-templeton-tokenized-fund-fobxx-and-benji-explained/",
          "title": "Franklin Templeton Tokenized Fund: FOBXX and BENJI Explained"
        },
        {
          "url": "https://www.avax.network/about/blog/franklin-templeton-launches-tokenized-money-market-fund-benji-avalanche",
          "title": "Franklin Templeton Launches Tokenized Money Market Fund BENJI..."
        },
        {
          "url": "https://www.blackrock.com/cash/en-us/what-are-tokenized-money-market-funds-t3",
          "title": "What Are Tokenized Money Market Funds? - BlackRock"
        }
      ],
      "confidence": 0.75,
      "story_ids": [
        "google_news:article:44316e8234331ec4",
        "google_news:article:ec9a61d583cc8569",
        "rss:www.coindesk.com_arc_outboundfeeds_rss_:e642fb41b08bcf38",
        "rss:thedefiant.io_api_feed:8bcf50ea9e06551a",
        "google_news:article:46bd2e790db5f308",
        "rss:cointelegraph.com_rss:c63825223eb00efb"
      ],
      "sources": [
        {
          "url": "https://www.tradingview.com/news/chainwire:0110d8436094b:0-bybit-and-franklin-templeton-form-strategic-collaboration-to-expand-access-to-tokenized-investing/",
          "label": "TradingView",
          "source_type": "google_news",
          "official": false
        },
        {
          "url": "https://coinpaper.com/36451/bybit-and-franklin-templeton-form-strategic-collaboration-to-expand-access-to-tokenized-investing",
          "label": "Coinpaper",
          "source_type": "google_news",
          "official": false
        },
        {
          "url": "https://www.coindesk.com/business/2026/09/28/crypto-friendly-institution-franklin-templeton-brings-its-tokenized-collateral-service-to-bybit",
          "label": "CoinDesk",
          "source_type": "rss",
          "official": false
        },
        {
          "url": "https://thedefiant.io/converge/tradfi-and-fintech/franklin-templeton-bybit-benji-tokenized-collateral-bycustody",
          "label": "The Defiant",
          "source_type": "rss",
          "official": false
        },
        {
          "url": "https://www.tokenpost.com/news/business/25122",
          "label": "tokenpost.com",
          "source_type": "google_news",
          "official": false
        },
        {
          "url": "https://cointelegraph.com/news/bybit-accepts-franklin-templeton-tokenized-funds-trading-collateral?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound",
          "label": "Cointelegraph",
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        }
      ]
    }
  ]
}
