Institutional investors now have a new way to trade crypto without depositing assets directly on an exchange. The milestone follows Binance and Franklin Templeton’s unveiling of an off-exchange collateral program built around tokenized money market funds (MMFs). The initiative reflects a broader shift toward real-world asset (RWA) tokenization and infrastructure tailored to the needs of large financial players, but risks remain. Binance and Franklin Templeton Launch Off-Exchange Crypto Collateral for Institutions Binance co-CEO Richard Teng confirmed the launch, stating that institutional clients can now use tokenized MMF shares issued through Franklin Templeton’s Benji Technology Platform as collateral for trading on Binance
source: https://beincrypto.com/binance-franklin-templeton-tokenized-collateral-program/