Binance and Franklin Templeton Collaborate to Launch Institutional OTC Collateralization Program

According to an official announcement, Binance and Franklin Templeton have announced the launch of their first collaborative product—an institutional over-the-counter (OTC) collateralization program. This program allows eligible institutional clients to use tokenized money market fund (MMF) shares issued via Franklin Templeton's Benji technology platform as OTC collateral for trading on Binance. This initiative aims to enable institutional traders to participate in digital markets using traditional, regulated, and yield-generating money market fund assets without the need to deposit assets into the exchange, thereby reducing counterparty risk and earning returns. (This news flash was generated with AI assistance.)