Binance and Franklin Templeton Offer Off-Exchange Crypto Collateral for Institutions

Institutional investors can now trade crypto on Binance without depositing assets directly on the exchange thanks to an off-exchange collateral program from Binance and Franklin Templeton. The initiative uses tokenized money market fund shares issued through Franklin Templeton’s Benji Technology Platform as yield-bearing collateral that remain in third-party custody, with custody partner Ceffu mirroring their value inside Binance’s trading environment.

Binance co‑CEO Richard Teng described the move as "improving efficiency and bringing TradFi and crypto closer." Franklin Templeton’s Roger Bayston said, "Our off-exchange collateral program is just that: letting clients easily put their assets to work in third-party custody while safely earning yield in new ways." The design aims to reduce counterparty risk by keeping assets off-exchange while allowing institutions to access liquidity and trading opportunities.

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