Franklin Templeton brings tokenized collateral service to Bybit
- —Franklin Templeton's tokenized fund shares are accepted as collateral on Bybit
- —The collateral backs trading credit lines in USDT and USDC
- —Yield on the underlying assets continues to accrue
Why it matters: A major asset manager is widening the use of tokenized funds as exchange collateral, tightening the link between TradFi products and crypto trading.
Source: CoinDesk