What changed
Eligible institutions can pledge Benji-issued fund shares for stablecoin credit lines while keeping the underlying assets in off-exchange custody Bybit accepts Franklin Templeton tokenized funds as trading collateral
Why it matters
Exchange operations around crypto markets can change volatility, liquidity, or sentiment. The concrete detail to watch is eligible institutions can pledge Benji-issued fund shares for stablecoin credit lines while keeping the underlying assets in off-exchange custody
Trading lens
Use this as watchful context from cointelegraph.com. Watch whether bybit accepts Franklin Templeton tokenized funds as trading collateral confirms momentum, invalidates active bias, or changes timing.