TREE NEWS update: Bybit will accept Franklin Templeton’s tokenized money fund shares as off-exchange collateral, letting eligible clients borrow USDT or USDC against the Benji-issued fund shares. The shares remain in custody and continue to earn yield while pledged. The arrangement marks a further link between tokenized traditional funds and crypto trading venues.
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.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.