United States $1.6 Trillion Asset Manager Franklin Templeton & Cryptocurrency Exchange Binance Announced New Institutional Collateral Program Using Tokenized Money Market Fund Shares (Issued on Franklin Templeton Benji Technology Platform) as Off-Exchange Collateral to Trade on Binance Which Reduces Counterparty Risk Instead of Holding the Collaterals (Money Market Fund Shares) Directly on the Cryptocurrency Exchange
11th February 2026 | Hong Kong
United States asset manager Franklin Templeton ($1.6 trillion AUM) & cryptocurrency exchange Binance have announced the new institutional collateral program using tokenized money market fund shares (Issued on Franklin Templeton Benji technology platform) as off-exchange collateral to trade on Binance, which reduces counterparty risk instead of holding the collaterals (money market fund shares) directly on the cryptocurrency exchange. Announcement (11/2/26): “Franklin Templeton, a global investment leader and Binance, the world’s leading cryptocurrency exchange by trading volume and users, today announced a new institutional off-exchange collateral program, making digital markets more secure and capital- efficient. Now live, eligible clients in selected jurisdictions can use tokenized money market fund shares issued through Franklin Templeton’s Benji Technology Platform as off-exchange collateral when trading on Binance. The program alleviates a long-standing pain point for institutional traders by allowing them to use traditional regulated, yield-bearing money market fund assets in digital markets without parking those assets on an exchange. Instead, the value of Benji-issued fund shares is mirrored within Binance’s trading environment, while the tokenized assets themselves remain securely held off-exchange in regulated custody. This reduces counterparty risk, letting institutional participants earn yield and support their trading activity without hedging on custody, liquidity, or regulatory protections. Assets participating in the program remain held off-exchange in custody, arrangements provided by Ceffu, with tokenized money market fund shares pledged as collateral for trading on Binance … … Launching the institutional off-exchange collateral program expands on both Franklin Templeton’s and Binance’s growing networks of off-exchange program partners and represents another effort since announcing Franklin Templeton and Binance’s strategic collaboration in September 2025. By using Benji to bridge tokenized money market funds, Franklin Templeton is taking trusted investment products and making them work in modern markets—allowing institutions to trade, manage risk, and move capital more efficiently as digital finance becomes an everyday part of the financial system. Offering more tokenized real-world assets on Binance meets the increasing institutional demand for stable, yield-bearing collateral that can settle 24/7. This gives investors greater choice and enhances their trading experience on the world’s largest digital asset exchange. Franklin Templeton is a pioneer in digital asset investing and blockchain innovation, combining tokenomics research, data science, and technical expertise to deliver cutting-edge solutions since 2018.” In 2025 November, Franklin Templeton announced the launch of Singapore first money market tokenized retail fund (Franklin Onchain U.S. Dollar Short-Term Money Market Fund) for DBS wealth & accredited clients (Retail clients access available from 2026 Q1) with minimum investment sum of only $20 (S$26). The fund uses Franklin Templeton proprietary Benji technology platform (Blockchain), which provides real-time fund data, improved liquidity & daily yield accrual. In 2025 November, Franklin Templeton launched a tokenized USD money market fund (Franklin OnChain U.S. Government Money Fund) for professional investors in Hong Kong, with the fund generating income by investing in high quality & short-term United States government securities. In 2025 September, Singapore largest bank DBS, Franklin Templeton & digital asset infrastructure platform Ripple formed a partnership to launch trading & lending solutions for accredited & institution investors powered by tokenised money market funds & stablecoins. DBS Digital Exchange (DDEx) will list sgBENJI (Token of Franklin Templeton Tokenised Money Market Fund), Franklin Onchain U.S. Dollar Short-Term Money Market Fund & RLUSD (Ripple USD).
“ United States $1.6 Trillion Asset Manager Franklin Templeton & Cryptocurrency Exchange Binance Announced New Institutional Collateral Program Using Tokenized Money Market Fund Shares (Issued on Franklin Templeton Benji Technology Platform) as Off-Exchange Collateral to Trade on Binance Which Reduces Counterparty Risk Instead of Holding the Collaterals (Money Market Fund Shares) Directly on the Cryptocurrency Exchange “
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Roger Bayston, Head of Digital Assets at Franklin Templeton: “Since partnering in 2025, our work with Binance has focused on making digital finance actually work for institutions. Our off-exchange collateral program is just that: letting clients easily put their assets to work in regulated custody while safely earning yield in new ways. That’s the future Benji was designed for, and working with partners like Binance allows us to deliver it at scale.”
Catherine Chen, Head of VIP & Institutional at Binance: “Partnering with Franklin Templeton to offer tokenized real-world assets for off-exchange collateral settlement is a natural next step in our mission to bring digital assets and traditional finance closer together. Innovating ways to use traditional financial instruments on-chain opens up new opportunities for investors and shows just how blockchain technology can make markets more efficient”
Ian Loh, CEO of Ceffu: “Institutions increasingly require trading models that prioritize risk management without sacrificing capital efficiency. This program demonstrates how off-exchange collateral can support institutional participation in digital markets while maintaining strong custody and control.”
Binance – Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 300 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. Binance is not licensed by the Monetary Authority of Singapore (MAS) or the Hong Kong Securities and Futures Commission (SFC).
Ceffu – Ceffu is an institutional-grade custody platform offering custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC2 Type 2 attested. Our multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their virtual assets. For the purposes of this program, custody services for Benji-issued tokenized money market fund shares are provided by Ceffu Custody FZE, a virtual asset custodian licensed and supervised in Dubai. Ceffu is not licensed by the Monetary Authority of Singapore (MAS) or the Hong Kong Securities and Futures Commission (SFC).
Franklin Templeton – Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnership, forward-looking insights, and continuous innovation – providing the tools and resources to navigate change and capture opportunity.
United States $1.6 Trillion Asset Manager Franklin Templeton & Cryptocurrency Exchange Binance Announced New Institutional Collateral Program Using Tokenized Money Market Fund Shares (Issued on Franklin Templeton Benji Technology Platform) as Off-Exchange Collateral to Trade on Binance Which Reduces Counterparty Risk Instead of Holding the Collaterals (Money Market Fund Shares) Directly on the Cryptocurrency Exchange
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