Franklin Templeton Expands Its Tokenized Collateral Services to Bybit
2026.09.28 19:54:27
Franklin Templeton has expanded its Over-the-Counter Collateral Program to Bybit, allowing users of the crypto exchange to trade digital assets using its tokenized money market fund shares. These shares, representing approximately $686 million in net assets, can be used as collateral to borrow USDT or USDC, while the underlying assets continue to generate returns. Users do not need to transfer the underlying assets to Bybit: regulated custodian platform ByCustody will hold the assets over-the-counter, with their value mirrored in Bybit’s trading ecosystem to unlock trading liquidity while generating returns. Franklin Templeton had previously offered similar services to clients of Binance and OKX.
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