Bybit has expanded its offerings by accepting tokenized funds from Franklin Templeton, issued by Benji, as collateral for stablecoin credit lines. This move allows eligible institutions to leverage these tokenized fund shares while maintaining custody of the underlying assets off-exchange.
According to CoinTelegraph, institutions can pledge these Benji-issued Franklin Templeton fund shares without transferring ownership, enabling access to stablecoin credit lines while keeping assets secure in off-exchange custody. This integration marks a notable step in bridging traditional asset management with decentralized finance.
For Japanese investors closely monitoring the convergence of traditional finance and crypto markets, this development highlights growing institutional adoption of tokenized assets as viable collateral within crypto lending platforms.