Franklin Templeton, Binance Launch Off-Exchange Collateral Program for Institutions
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Franklin Templeton and Binance have launched an off-exchange collateral program for institutions, allowing the use of tokenized money market fund shares as trading collateral. The initiative enhances capital efficiency and reduces counterparty risk with secure custody provided by Ceffu. This program is now live and marks a significant advancement in institutional crypto trading.
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- Franklin Templeton and Binance launch off-exchange collateral program for institutions.
- Tokenized money market funds can be used as trading collateral while staying in regulated custody.
- Ceffu provides secure custody, reducing counterparty risk and improving capital efficiency.
Franklin Templeton and Binance have launched a new institutional off-exchange collateral program that allows eligible clients to use tokenized money market fund (MMF) shares as trading collateral on Binance.
The initiative enables institutions to deploy Benji-issued tokenized MMF shares without transferring assets onto the exchange. Notably, the program is now live.
Tokenized Money Market Funds Used as Trading Collateral
Through Franklin Templeton’s Benji Technology Platform, institutions can tokenize regulated, yield-bearing money market fund shares and use them as off-exchange coll…
Read The Full Article Franklin Templeton, Binance Launch Off-Exchange Collateral Program for Institutions On Coin Edition.
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