Franklin Templeton and Binance have launched an institutional off-exchange collateral program allowing eligible clients to use tokenized money market fund shares as trading collateral.
The program lets clients use tokenized MMF shares issued through Franklin Templeton's Benji Technology Platform as off-exchange collateral when trading on Binance, utilizing custody and settlement infrastructure provided by Ceffu, Binance's institutional crypto-native custody partner.
Assets remain held off-exchange in third-party custody while their value is mirrored within Binance's trading environment, reducing counterparty risk and allowing institutional participants to earn yield without compromising on custody, liquidity or regulatory protections.
Roger Bayston, Head of Digital Assets at Franklin Templeton, said the program lets clients "easily put their assets to work in third-party custody while safely earning yield in new ways."
Catherine Chen, Head of VIP & Institutional at Binance, described the move as "a natural next step in our mission to bring digital assets and traditional finance closer together."
The initiative builds on Franklin Templeton and Binance's strategic collaboration announced in September 2025 and reflects growing institutional demand for stable, yield-bearing collateral that can support 24/7 settlement cycles.