Bybit Accepts Franklin Templeton Tokenized Money Fund Shares as Collateral

This matters less as a new product than as a structural shift: a tokenized traditional money fund is being treated as collateral inside a crypto venue's borrowing system, blurring the line between yield-bearing securities and trading margin. The immediate beneficiaries are eligible Bybit clients seeking liquidity without selling yield-generating holdings. The open question is whether other exchanges and asset managers follow with comparable collateral arrangements, and how custody and yield treatment hold up under stress.