Franklin Templeton expands tokenized fund collateral to Bybit
Franklin Templeton has expanded its off-exchange collateral program to Bybit, letting users pledge shares in its $686 million tokenized money market fund as collateral to borrow USDT or USDC while the shares keep earning yield — without moving assets onto the exchange.
- Traders can borrow against their holdings while the underlying fund shares keep earning yield.
- The service extends Franklin Templeton's tokenized money-market product into exchange collateral use.
No details on credit-line sizing, collateral ratios or portfolio limits were disclosed.
Sources
- NEW: Franklin Templeton expands its off-exchange collateral program to Bybit, letting users pledge shares in its $686M tokenized money market fund as collateral to borrow $USDT or $USDC while earning yield, without moving assets onto the exchange. https://t.co/OiOlhmISXYx.com ↗
- Crypto-friendly institution Franklin Templeton brings its tokenized collateral service to Bybitcoindesk.com ↗
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