Franklin Templeton Fund Partners with Bybit on Share-Based Credit Lines

Franklin Templeton Fund has partnered with Bybit to allow eligible clients to use their shares as collateral for USDT or USDC credit lines. This structure is similar to one Franklin ran with Binance in February.

The Benji-issued money market fund shares remain in custody and continue to earn yield, according to the partnership announcement.

This collaboration provides clients of Franklin Templeton Fund with more flexibility in managing their assets and accessing credit lines without having to liquidate their investments.