Binance, Franklin Templeton launch program allowing tokenized money market funds as off‑exchange collateral

Binance and asset manager Franklin Templeton have launched a program that lets institutional clients use tokenized money market fund (MMF) shares as collateral for trading on Binance ^[3][4][5].

Under the arrangement, tokenized fund shares are issued and can be pledged as off‑exchange collateral while the underlying fund assets remain in custody outside the exchange; Coindesk reports the program uses Benji‑issued tokenized MMFs and Ceffu’s custody layer to facilitate the setup ^[4][5].

Franklin Templeton, which manages roughly $1.6 trillion in assets, is marketing the capability to eligible institutional clients, and the program has gone live for institutions according to industry coverage ^[3][2].

The collaboration enables institutions to post tokenized money market fund shares as off‑exchange collateral when trading on Binance, while keeping the underlying fund assets in external custody ^[4][5].