Binance partners with Franklin Templeton on institutional collateral program

Binance has announced a partnership with global asset manager Franklin Templeton to launch a collateral program for institutional investors. The program operates on the infrastructure of Binance's institutional custody platform, Ceffu, and allows tokenized money market fund shares issued via Franklin Templeton's technology platform to be used as trading collateral on Binance. The company explained that because the actual underlying assets are held on an external custody platform, this arrangement significantly reduces counterparty risk.