RWA Watch · Fact checked

Bybit accepts Franklin Templeton tokenized funds as trading collateral

Eligible institutions can pledge Benji-issued fund shares for stablecoin credit lines while keeping the underlying assets in off-exchange custody.

By Shared News Radar · Published Sep 28, 2026, 11:00 AM UTC · Updated 2026-09-28 · Risk level: medium

Sources checked: Sep 28, 2026, 7:36 PM UTC

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Bybit accepts Franklin Templeton tokenized funds as trading collateral

What happened

Eligible institutions can pledge Benji-issued fund shares for stablecoin credit lines while keeping the underlying assets in off-exchange custody.

Reported details

Franklin Templeton brings $687M tokenized fund to Bybit Crypto News
Franklin Templeton Turns $686M Tokenized Fund Shares Into Bybit Collateral Yellow.com
Crypto-friendly institution Franklin Templeton brings its tokenized collateral service to Bybit CoinDesk
Bybit Adds Franklin Templeton Tokenized Money Market Fund Shares as Off-Exchange Collateral BlockchainReporter
Franklin Templeton’s tokenized money market shares can be used as collateral for USDT or USDC trading credit lines on Bybit while earning yield on the underlying assets.
Franklin Templeton brings its $687M tokenized money market fund to Bybit, letting eligible clients use Benji shares as off-exchange collateral.

What the sources establish

The identified reports describe the same recent event. This brief preserves the source links and verification time so readers can inspect the original reporting.

Why it matters for RWA markets

The material question is how the event affects institutional participation, tokenization infrastructure, issuer economics, market access, or regulatory positioning. The report does not turn that relevance into an endorsement.

Evidence boundary

Terms, figures, counterparties, and consequences not stated in the linked reports are not inferred. Material updates require a dated revision and an additional source check.

What to watch next

Official company statements, filings, and transaction documents.
Details on custody, settlement, eligibility, and tokenization scope.
Regulatory disclosures or corrections to the reported figures.

Sources and editorial check time

Cointelegraph: https://cointelegraph.com/news/bybit-accepts-franklin-templeton-tokenized-funds-trading-collateral
CoinDesk RSS: https://www.coindesk.com/business/2026/09/28/crypto-friendly-institution-franklin-templeton-brings-its-tokenized-collateral-service-to-bybit
crypto.news Live: https://crypto.news/franklin-templeton-brings-687m-tokenized-fund-to-bybit/
Editorial source check time: 2026-09-28T19:36:55.351Z

This information is educational and is not financial or legal advice.