Franklin Templeton Integrates $1.83 Trillion Tokenized Funds as Active Crypto Collateral on Bybit

Asset management giant Franklin Templeton, overseeing $1.83 trillion, has partnered with Bybit to transform tokenized money market fund shares into active cryptocurrency collateral.
Institutional clients on the exchange can now pledge their yield-bearing tokenized fund units to secure USDT or USDC credit lines directly, eliminating the need to liquidate holdings or transfer assets onto trading platforms.
This structural integration allows institutions to maintain underlying portfolio yields while unlocking fresh trading liquidity, driving real-world assets (RWAs) past the $9 billion threshold and embedding tokenized financial products deeper into core crypto market plumbing.