Franklin Templeton Partners with Binance to Launch Institutional-Grade OTC Collateralization Plan

BlockBeats News, February 11th, Franklin Templeton, a global leading investment management firm, and Binance jointly announced the launch of a new institutional-grade over-the-counter collateral arrangement, further enhancing the security and capital efficiency of the digital market. The plan has now officially launched, and eligible clients can use tokenized money market fund shares issued through Franklin Templeton's Benji technology platform as over-the-counter collateral when trading on Binance. This plan effectively addresses a core pain point that institutional traders have faced for a long time, allowing them to use regulated, income-generating traditional money market fund assets in the digital market without having to hold the assets on the trading platform.

Binance VIP and Head of Institutional Business Catherine Chen stated: "Partnering with Franklin Templeton to use tokenized real-world assets for over-the-counter settlement is an important step for us to further integrate digital assets with traditional finance. Exploring the on-chain application of traditional financial tools not only brings new opportunities to investors but also demonstrates the tremendous potential of blockchain technology in enhancing market efficiency."