BounceBit Brings Franklin Templeton Tokenized Funds to Structured Income Platform

According to Odaily Planet Daily, crypto infrastructure platform BounceBit is introducing Franklin Templeton's tokenized money market fund to its structured income platform BB Prime, combining U.S. Treasury yields with cryptocurrency funds and basis arbitrage strategies to create a CeDeFi (a combination of centralized and decentralized finance) product. This tokenized fund, part of the BENJI product line, will serve as collateral and settlement tool in the investment strategy. In this way, investors can not only obtain the underlying Treasury bond interest rate income, but also add other sources of income. Franklin Templeton launched its first tokenized U.S. money market fund, BENJI, in 2021. (Coindesk)