Binance partners with Franklin Templeton to launch institutional OTC collateral program

According to the official announcement, Binance and Franklin Templeton have launched their first collaborative product - the Institutional OTC Collateral Program. This program allows eligible institutional clients to use tokenized money market fund (MMF) shares issued through the Franklin Templeton Benji technology platform as collateral for trading on Binance.

This initiative aims to enable institutional traders to participate in the digital market using traditional, regulated, and yield-generating money market fund assets without the need to deposit assets into the exchange, thereby reducing counterparty risk and earning returns.