Bybit clients will be able to pledge tokenized shares of a Franklin Templeton money market fund as collateral for trading credit, under a collaboration the two firms are announcing on Monday. The shares stay in custody rather than moving onto the exchange, and their value is mirrored inside Bybit's... Read the full story at The Defiant
Franklin Templeton Fund Shares Become Bybit Trading Collateral
Eligible clients can pledge Benji-issued money market fund shares for USDT or USDC credit lines while the shares stay in custody and keep paying yield. Franklin ran the same structure with Binance in February.
