Bybit and Franklin Templeton form collaboration
29 September 2026 UAE
Image: Chanwit/stock.adobe.com
Bybit and Franklin Templeton have announced their collaboration to bring tokenised wealth and yield-generation strategies to wallet-based investors and a new off-exchange collateral programme.
The off-exchange collateral programme allows eligible clients to use tokenised money market fund shares as off-exchange collateral when trading on Bybit, explains the firms.
Shares are issued through the Benji Technology Platform, Franklin Templeton’s blockchain-integrated recordkeeping and transfer agency infrastructure, and through ByCustody, an institutional-grade custody platform, eligible investors can pledge the Benji-issued fund shares to access USDT or USDC trading credit lines while underlying tokenised assets remain in off-exchange custody.
Speaking on the collaboration, Yoyee Wang, global head of RWA and TradFi at Bybit, says: “As institutional adoption of digital assets accelerates, investors increasingly expect the same flexibility, capital efficiency, and risk management standards they are accustomed to in traditional markets.
“By expanding the range of high-quality collateral available through our off-exchange infrastructure, we are helping clients deploy capital more effectively while maintaining exposure to trusted, regulated investment products.”
The firms also explain the collaboration extends to wallet-based investors, with a tokenised wealth product on the Bybit exchange and Mantle chain that provides access to Franklin Templeton investment strategies.
Sandy Kaul, head of Digital Assets and Innovation at Franklin Templeton, comments: “For institutions, extending connectivity if the Benji Technology Platform to Bybit offers a trusted venue to put regulated, yield-bearing assets to work in digital markets, and it a great example of how blockchain-integrated solutions can drive innovation and efficiency across markets.”
The off-exchange collateral programme allows eligible clients to use tokenised money market fund shares as off-exchange collateral when trading on Bybit, explains the firms.
Shares are issued through the Benji Technology Platform, Franklin Templeton’s blockchain-integrated recordkeeping and transfer agency infrastructure, and through ByCustody, an institutional-grade custody platform, eligible investors can pledge the Benji-issued fund shares to access USDT or USDC trading credit lines while underlying tokenised assets remain in off-exchange custody.
Speaking on the collaboration, Yoyee Wang, global head of RWA and TradFi at Bybit, says: “As institutional adoption of digital assets accelerates, investors increasingly expect the same flexibility, capital efficiency, and risk management standards they are accustomed to in traditional markets.
“By expanding the range of high-quality collateral available through our off-exchange infrastructure, we are helping clients deploy capital more effectively while maintaining exposure to trusted, regulated investment products.”
The firms also explain the collaboration extends to wallet-based investors, with a tokenised wealth product on the Bybit exchange and Mantle chain that provides access to Franklin Templeton investment strategies.
Sandy Kaul, head of Digital Assets and Innovation at Franklin Templeton, comments: “For institutions, extending connectivity if the Benji Technology Platform to Bybit offers a trusted venue to put regulated, yield-bearing assets to work in digital markets, and it a great example of how blockchain-integrated solutions can drive innovation and efficiency across markets.”
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