Franklin Templeton Brings Tokenized Collateral to Bybit

Crypto-friendly institution Franklin Templeton has expanded its tokenized collateral service to Bybit, a cryptocurrency exchange.

This move marks another step towards mainstream acceptance of digital assets in traditional finance, as institutions increasingly explore ways to engage with the crypto market.

Franklin Templeton's tokenized collateral service allows users to pledge their digital assets as collateral for lending and borrowing activities on Bybit. This can help increase liquidity and reduce counterparty risk for traders and investors.