just now
Franklin Templeton and Binance have launched an institutional off-exchange collateral programme enabling eligible clients to use tokenised money market fund shares as collateral for trading on Binance.
The programme, which is now live, allows institutional traders to use Franklin Templeton's Benji Technology Platform to issue tokenised money market fund shares that can be used as off-exchange collateral. The value of these Benji-issued fund shares is mirrored within Binance's trading environment, whilst the tokenised assets themselves remain securely held off-exchange in regulated custody.
This arrangement is designed to reduce counterparty risk by allowing institutional participants to earn yield and support their trading activity without compromising on custody, liquidity, or regulatory protections.
Roger Bayston, Head of Digital Assets, Franklin Templeton
Roger Bayston, Head of Digital Assets, Franklin Templeton, said:
"Since partnering in 2025, our work with Binance has focused on making digital finance actually work for institutions. Our off-exchange collateral programme is just that: letting clients easily put their assets to work in regulated custody while safely earning yield in new ways. That's the future Benji was designed for, and working with partners like Binance allows us to deliver it at scale."
Catherine Chen, Head of VIP & Institutional, Binance
Catherine Chen, Head of VIP & Institutional, Binance, said:
"Partnering with Franklin Templeton to offer tokenised real-world assets for off-exchange collateral settlement is a natural next step in our mission to bring digital assets and traditional finance closer together. Innovating ways to use traditional financial instruments on-chain opens up new opportunities for investors and shows just how blockchain technology can make markets more efficient."
Assets participating in the programme remain held off-exchange in a regulated custody environment, with tokenised money market fund shares pledged as collateral for trading on Binance. Custody and settlement infrastructure is supported by Ceffu, Binance's institutional crypto-native custody partner.
Ian Loh, CEO, Ceffu, said:
"Institutions increasingly require trading models that prioritise risk management without sacrificing capital efficiency. This programme demonstrates how off-exchange collateral can support institutional participation in digital markets whilst maintaining strong custody and control."
The launch of the institutional off-exchange collateral programme expands on both Franklin Templeton's and Binance's growing networks of off-exchange programme partners and represents another development since Franklin Templeton and Binance announced their strategic collaboration in September 2025.
Franklin Templeton is a global investment leader and has been involved in digital asset investing and blockchain innovation since 2018. Binance is a blockchain ecosystem and cryptocurrency exchange.
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