Deployments · Binance off-exchange collateral · platform by Binance
Franklin Templeton tokenised MMF as off-exchange collateral on Binance
Eligible institutions can pledge tokenised money market fund shares issued on Franklin Templeton's Benji platform as collateral for trading on Binance. The shares stay with Ceffu, a Dubai-licensed custodian, and their value is reflected on the exchange. Launched in February 2026 under a partnership that began in 2025.
AnnouncedProof of conceptPilotLive (limited)Live (scaled)
Live (limited) since 11 Feb 2026[1] — Eligible institutional clients only; no pledged amounts disclosed. · Reviewed 13d ago
- Assets
- Networks
- Unknown ledger Not disclosed[1]The launch report names no chain; the one fund later named as eligible collateral (iBENJI) is on BNB Chain and Ethereum. Stellar was earlier inferred and removed by editor decision 2026-10-15-mmf-1.
- Use cases
- Collateral mobility[1]
- Jurisdictions
- Global
Participants
- Franklin TempletonIssuer, Asset manager[1]United States
- BinancePlatform provider, Operator[1]Global
- CeffuCustodian[1]United Arab Emirates
- Anchorage DigitalCustodian[2]United States
Assets
- Takes as collateralFranklin OnChain Institutional Liquidity Fund (iBENJI)[2]Named among eligible tokenised collateral in June 2026; the February launch report does not name the fund.
Timeline
- Happened 30 Jun 2026 · Participant joined · recorded 12 Oct 2026Binance adds Anchorage Digital as a triparty custody partner, naming Franklin Templeton's iBENJI among eligible tokenised collateral.[2]
- Happened 11 Feb 2026 · Launch · recorded 11 Oct 2026Franklin Templeton and Binance launch the institutional off-exchange collateral programme.[1]
Sources
- [1]Franklin Templeton, Binance launch tokenized MMF collateral program — Cointelegraph, 11 Feb 2026. Accessed 11 Oct 2026.C
- [2]Binance Expands Triparty Banking Network with Anchorage Digital's Atlas Integration — Binance (via PR Newswire / AAP), 30 Jun 2026. Accessed 12 Oct 2026. Names BUIDL, USYC and iBENJI among eligible tokenised collateral, subject to eligibility and availability..B
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