Binance Partners With Franklin Templeton to Enable Tokenized Money Market Funds as Off-Exchange Collateral

TheNewsCryptoPublished on 2026-02-11Last updated on 2026-02-11

Abstract

Binance has partnered with global asset manager Franklin Templeton to enable institutional traders to use tokenized money market funds as off-exchange collateral. This new structure allows investors to hold tokenized shares of Franklin Templeton’s Benji platform in regulated custody, while Binance recognizes their value for margin trading. This reduces counterparty risk, as assets are held off-exchange, and enables institutions to earn returns on stable, low-risk money market funds while using them as trading collateral. The move is seen as a significant step in bridging traditional finance with digital assets, addressing custody barriers and promoting real-world asset adoption in crypto markets.

Binance Exchange has taken a step forward to deepen the connection between traditional finance and digital assets. Binance has partnered with Franklin Templeton, a global asset manager, to allow institutional traders to use tokenized money market funds as collateral.

What changes happened after this partnership

Usually, large traders need to post collateral for their cash or crypto into the exchange. This step creates the risk if the exchange fails or freezes the withdrawals. Under the new structure, investors can hold tokenized shares of money market funds issued through Franklin Templeton’s Benji platform, and these assets stay off the exchange in regulated custody. Binance simply recognizes its value and allows it to be used as a margin for trading.

Money market funds are considered relatively stable and low risk. This means that the institutions can continue earning returns while using the same assets to support trading activity. This is another major step for the real-world asset adoption inside the crypto markets. It shows that traditional finance products can live on blockchain rails. For many firms, custody risk has been the biggest barrier, but this structure directly solves that risk.

Image source: https://www.binance.com/en/blog/vip/1487561092272022488

Catherine Chen, Head of VIP and Institutional at Binance, described this partnership as a natural next step in connecting traditional finance and digital assets. The goal is to allow institutions to trade crypto while maintaining regulatory protections and professional asset management standards.

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Related Questions

QWhat is the main purpose of the partnership between Binance and Franklin Templeton?

AThe partnership allows institutional traders to use tokenized money market funds as off-exchange collateral for trading on Binance.

QHow does this new collateral structure address custody risk for institutional investors?

AThe tokenized assets remain off the exchange in regulated custody through Franklin Templeton's Benji platform, eliminating exposure to exchange failure or withdrawal freezes.

QWhat type of financial product is being tokenized for use as collateral in this initiative?

ATokenized money market funds, which are relatively stable and low-risk investment products.

QWhich platform does Franklin Templeton use to issue the tokenized money market fund shares?

AFranklin Templeton uses its Benji platform to issue the tokenized money market fund shares.

QAccording to Binance's Catherine Chen, what is the goal of connecting traditional finance with digital assets through this partnership?

AThe goal is to allow institutions to trade cryptocurrency while maintaining regulatory protections and professional asset management standards.

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