Binance has launched an institutional off-exchange collateral programme with Franklin Templeton, enabling eligible clients to use tokenised money market fund shares as trading collateral.
The programme allows qualified institutions to deploy tokenised shares issued via Franklin Templeton’s Benji Technology Platform while keeping the underlying assets in third-party custody rather than on the exchange.
“Today, Binance is proud to announce our first offering with Franklin Templeton. Institutional clients can now use tokenised money market fund shares issued via Franklin Templeton’s Benji Technology Platform as off-exchange collateral for trading on Binance, improving efficiency and bringing TradFi and crypto closer,”
Said Binance CEO, Richard Teng.
“Our off-exchange collateral program is just that: letting clients easily put their assets to work in third-party custody while safely earning yield in new ways,”
Said Franklin Templeton, head of digital assets Roger Bayston.
Under the structure, the collateral value of Benji-issued fund shares is reflected within Binance’s trading system while the tokenised holdings remain segregated off-exchange through custody partner Ceffu, and following the announcement the Binance token price was unchanged at $XX.
Binance’s head of VIP and institutional Catherine Chen said integrating tokenised real-world assets into trading workflows highlights how blockchain infrastructure can connect traditional finance with digital asset markets.
The rollout builds on a collaboration announced in September 2025 and reflects growing institutional demand for stable, yield-bearing instruments that can support continuous settlement cycles across crypto trading venues.