This is the kind of update that matters more than it looks.

Binance is enabling Franklin Templeton’s tokenized money market fund shares (Benji) as off exchange collateral for eligible clients, with custody held off exchange via Ceffu.

It means you can post collateral that earns yield, keep it out of the exchange’s balance sheet and still trade with the same speed. That’s basically TradFi collateral logic moving into crypto rails.

Does this push institutions to treat stablecoins less as “collateral” and more as “settlement”?