Bybit accepts Franklin Templeton tokenized funds as trading collateral
60-second summary
Bybit now accepts Franklin Templeton’s tokenized funds as collateral, allowing eligible institutions to pledge Benji‑issued fund shares for stablecoin credit lines while the underlying assets remain in off‑exchange custody; this integration expands Bybit’s institutional offering, boosts demand for tokenized asset collateral, and signals growing mainstream adoption that could lift overall crypto‑backed lending volumes.
Eligible institutions can pledge Benji-issued fund shares for stablecoin credit lines while keeping the underlying assets in off-exchange custody.