Bybit and Franklin Templeton have partnered on a program for institutional investors. Eligible institutions can now use tokenized shares of Franklin Templeton's money market funds as collateral for trading on Bybit. Cointelegraph reported the deal on Sep 28, 2026.
The fund shares are issued through Benji. Institutions pledge them to get stablecoin credit lines, and the underlying assets stay in custody off the exchange instead of moving onto Bybit. According to the report, the program lets holders do more with these tokens than buy them and hold them.
The report leaves several things out. It does not say which institutions qualify, which of the money market funds are included, how much stablecoin credit a pledged share is worth, or when the program starts or started.
For someone already holding a perpetual position on Bybit, Bitget, MEXC or OKX, nothing changes directly. The program is limited to eligible institutions, and the report says nothing about funding rates, trading fees or margin rules for other accounts. If Bybit publishes collateral terms for these fund shares, we will check them against the funding and fee costs we track.
Source: cointelegraph — Bybit accepts Franklin Templeton tokenized funds as trading collateral