Binance partners with Franklin Templeton: Tokenized money market fund shares as collateral

Binance announces its first product in collaboration with Franklin Templeton, marking a step forward in connecting traditional financial infrastructure with the crypto market.

Accordingly, institutional clients can now use tokenized money market fund shares issued through Franklin Templeton's Benji Technology Platform as off-exchange collateral for trading activities on Binance.

This mechanism helps improve capital efficiency, reduces the need to move assets directly onto exchanges, and expands collateral options for institutional investors. At the same time, this move reflects the growing trend of integration between the traditional financial system (TradFi) and digital asset infrastructure.