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Dubai – September 28, 2026 -- Bybit and Franklin Templeton, a $1.7 trillion asset manager, have launched a collateral program letting institutional clients pledge tokenized money market fund shares to access trading credit on Bybit's exchange.

Institutional clients can now pledge Benji-issued fund shares for USDT or USDC credit lines

Eligible investors use ByCustody, Bybit's institutional custody platform, to pledge shares issued through Franklin Templeton's Benji Technology Platform, a blockchain-integrated recordkeeping and transfer agency infrastructure. The pledged value is mirrored inside Bybit's trading environment while the underlying assets stay off-exchange in custody, allowing clients to continue earning yield on holdings while using them to support trading activity.