A new institutional off-exchange programme between Franklin Templeton and Binance allows traders to use tokenised money market fund shares as collateral
The convergence of traditional finance and digital assets has reached a new milestone as global investment leader Franklin Templeton and Binance launch a new institutional off-exchange collateral programme.
The initiative is designed to bolster security and capital efficiency for institutional participants by allowing them to utilise tokenised money market fund shares – issued via Franklin Templeton’s Benji Technology Platform – as collateral for trading on the Binance exchange.
Catherine Chen, Head of VIP & Institutional at Binance, notes that the move responds to a clear market need for sophisticated financial tools that bridge the gap between sectors.
“Partnering with Franklin Templeton to offer tokenized real-world assets for off-exchange collateral settlement is a natural next step in our mission to bring digital assets and traditional finance closer together,” she says.
“Innovating ways to use traditional financial instruments on-chain opens up new opportunities for investors and shows just how blockchain technology can make markets more efficient.”
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