Franklin Templeton Tokenized Funds Go Live on Three Major Crypto Exchanges

Franklin Templeton has expanded its tokenized collateral program to Bybit, making it the third major crypto exchange where investors can use its tokenized money market fund shares as collateral while keeping the underlying assets in regulated custody.

The arrangement allows Bybit users to pledge Franklin Templeton's tokenized money market fund shares to obtain USDT or USDC trading credit while continuing to earn yield on the underlying assets, worth about $686 million in net assets.

The assets remain off-exchange with regulated custodian ByCustody, while their value is mirrored within Bybit's trading environment. This expansion follows similar arrangements with Binance and OKX, giving Franklin Templeton's tokenized funds access across three major crypto trading platforms.