BounceBit Integrates Franklin Templeton’s Tokenized Fund into Yield Platform
BounceBit is integrating Franklin Templeton's tokenized money market fund into its BB Prime platform, blending U.S. Treasury yields with crypto funding strategies. Key points include:
- The tokenized fund will act as collateral and settlement for investment strategies, enabling investors to earn Treasury yields alongside other returns.
- Tokenized money market funds represent a $7 billion asset class, with significant developments from firms like BlackRock, Bank of New York Mellon, and Goldman Sachs.
- Franklin Templeton launched the BENJI tokenized U.S. money market fund in 2021, addressing diverse client needs across various sectors.
- BounceBit's collaboration with Franklin Templeton aims to operationalize tokenized Treasuries in yield strategies.
- The BB Prime platform is currently accepting pre-registrations before its public launch.
This initiative signals a shift towards scalable, institutional-grade real-world asset products in the crypto space.