News · Institutions & ETFs
Institutions can pledge Franklin Templeton Benji-issued money market shares via ByCustody to unlock stablecoin credit on Bybit.
Key point 1 of 3
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Institutional Bybit users can pledge Franklin Templeton Benji tokenized fund shares through ByCustody for USDT or USDC credit lines .
Key point 2 of 3
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Underlying tokenized assets remain in off-exchange custody, allowing institutions to earn yield while trading on Bybit .
Key point 3 of 3
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The collaboration includes a tokenized wealth product planned for the Bybit platform and the Mantle network .
Context
Traditional asset managers have increasingly turned to tokenized funds to capture on-chain liquidity, with Franklin Templeton leveraging its Benji platform across multiple…
Why it matters
Institutional traders gain capital efficiency by unlocking trading collateral against yield-bearing cash equivalents without incurring custodial exchange exposure.
What to watch
Technical specifications and rollout dates for the retail-focused tokenized investment product on the Mantle blockchain.
Sources
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