Timeline
- 7.5
Bybit to Accept Franklin Templeton Fund Shares as Collateral
Bybit announced it will accept Franklin Templeton fund shares, including the asset manager's tokenized money market fund, as collateral on its platform. A separate report described the move as a strategic collaboration between the two firms aimed at expanding access to tokenized investing. The arrangement broadens the set of institutional-grade collateral available for crypto trading by linking a traditional asset manager's fund products to an exchange's margin system. The announcement covers Franklin Templeton fund shares, with the tokenized money market fund specifically named as eligible collateral. Bybit is the platform extending the collateral option; no launch date or eligibility criteria were specified in the available material.
- 7.5
Crypto-friendly institution Franklin Templeton brings its tokenized collateral service to Bybit
Franklin Templeton and Bybit announced a program allowing eligible institutional clients to pledge tokenized shares of Franklin Templeton money market funds, issued through its Benji platform, as collateral for USDT- or USDC-denominated trading credit lines on Bybit. The fund shares stay in off-exchange custody and continue to earn yield while being used to finance trading on the exchange. The arrangement extends tokenized money market fund shares beyond buy-and-hold holdings into a collateral role for exchange trading, letting institutions finance crypto positions without selling the yield-bearing assets or moving them onto the exchange. Franklin Templeton and Bybit said they also plan a tokenized investment product for wallet users on Bybit and the Mantle network, but have not disclosed details. Franklin Templeton ran a similar structure with Binance in February 2026.