**[Franklin Templeton Introduces Tokenized Money Market Fund as Off-Exchange Collateral on Bybit]** Foresight News reports, citing CoinDesk, that Franklin Templeton has expanded its "off-exchange collateral program" to Bybit. Users can use shares of Franklin Templeton's tokenized money market fund as collateral to borrow USDT or USDC for trading while continuing to earn returns on the underlying assets. The underlying assets are held off-exchange by the regulated custody platform ByCustody, with their value mirrored in Bybit's trading environment. These shares are issued through Franklin Templeton's Benji platform, corresponding to a net asset value of approximately $686 million, with a 7-day annualized yield of about 3.7%. Previously, Franklin Templeton had engaged in similar collaborations with Binance and OKX.