Franklin Templeton Partners with Binance for Tokenized MMF Collateral

Franklin Templeton and Binance collaborate to enable tokenized money market fund shares as collateral, enhancing trading dynamics.

Franklin Templeton has entered into a strategic collaboration with Binance, allowing institutional investors to utilize tokenized shares of money market funds (MMFs) as collateral for their trading activities on the Binance platform. This innovative approach allows the assets associated with the fund to remain securely held in off-exchange custody.