Bybit and Franklin Templeton Collaborate to Enhance Tokenized Investment Access
Bybit has formed a strategic collaboration with Franklin Templeton, a global investment leader managing $1.7 trillion in assets, to expand access to tokenized investing for both institutional clients and wallet-based investors. The partnership launches with an off-exchange collateral program that allows eligible clients to use tokenized money market fund shares as collateral on Bybit without moving the underlying assets onto the exchange. This initiative leverages Franklin Templeton's Benji Technology Platform, a blockchain-integrated infrastructure for recordkeeping and transfer agency services. Through this system, investors can access trading credit lines in USDT or USDC while maintaining custody of their tokenized assets off-exchange via ByCustody. The program aims to improve capital efficiency and reduce counterparty risk. The collaboration also includes plans for a tokenized wealth product on the Mantle chain accessible through Bybit, as well as educational initiatives targeting retail investors in digital asset markets.
Tickers: $BEN
Topics: digital assets institutional finance tokenized investing