Franklin Templeton Expands Tokenized Collateral Services to Bybit

Franklin Templeton is expanding its off-exchange collateral program to Bybit, allowing users to use tokenized money market fund shares as collateral for borrowing USDT or USDC. The underlying assets, representing approximately $686 million in net assets, remain held by ByCustody. This service, powered by the Benji platform, offers a 3.7% annualized yield and follows similar integrations with Binance and OKX.