Crypto
Franklin Templeton teams up with Binance to allow off-exchange collateral for tokenised MMF
Franklin Templeton is working with Binance on a programme that allows institutional investors to use a tokenised money market fund as trading collateral while keeping assets off the exchange, Cointelegraph reported. The structure reflects collateral value within Binance without the exchange holding the assets. The tokenised fund is issued via Franklin Templeton’s Benji Technology Platform and managed by Ceffu Custody, approved by Dubai regulators.
