BounceBit introduces Franklin Templeton's tokenization fund for its government bond yield strategy.

On August 5, the crypto infrastructure platform BounceBit is bringing Franklin Templeton's tokenized money market fund to its structured yield platform BB Prime, combining the yields of U.S. Treasury bonds with crypto assets and basis arbitrage strategies to create an innovative CeDeFi (combination of centralized and decentralized finance) product. This tokenized fund belongs to the BENJI product series and will serve as collateral and settlement tools in investment strategies. Through this approach, investors can not only gain the underlying Treasury bond interest rate returns but also layer on additional sources of income. Franklin Templeton is one of the earliest traditional asset management institutions to issue tokenized funds on a public chain, having launched the first tokenized U.S. money market fund BENJI as early as 2021. The company stated in a press release: "We designed the BENJI tokenized money market fund series to meet the diverse needs of retail, wealth management, institutional, banking, and collateral globally." BounceBit is closely collaborating with Franklin Templeton to substantively integrate the BENJI token into its active yield strategies. BounceBit CEO Jack Lu stated that this marks "the first real-world application of tokenized Treasury bonds in active yield strategies."

BB-1.46%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)