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Franklin Templeton expands tokenized collateral service to Bybit, allowing users to pledge money market shares for USDT/USDC trading credit lines and earn yield
Franklin Templeton is expanding its tokenized collateral program to Bybit, enabling the exchange's users to pledge shares in its tokenized money market funds as collateral for USDT or USDC trading credit lines. Users can earn an annualized yield of 3.7% on the underlying assets, which are held off-exchange by regulated custody platform ByCustody and mirrored in Bybit's trading environment. The tokenized money market funds represent approximately $686 million in net assets. Franklin Templeton previously launched similar partnerships with Binance and OKX, reflecting a broader industry trend where crypto platforms accept tokenized funds as collateral for trades.
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