@BounceBit Partners with Franklin Templeton to Launch Treasury-Backed Yield Strategies
BounceBit, a crypto infrastructure platform blending centralized and decentralized finance, is integrating Franklin Templeton’s tokenized U.S. money market fund (BENJI) into its BB Prime yield platform. This fund, backed by U.S. Treasury securities, will be used as collateral and for settlement, allowing investors to earn Treasury yields plus additional crypto-based returns.
Tokenized money market funds like BENJI represent a growing $7 billion asset class, gaining acceptance as collateral on exchanges. Franklin Templeton was an early adopter of tokenized funds, and BounceBit’s CEO calls this partnership a milestone for real-world, institutional-grade tokenized Treasury applications.
Previously, BounceBit ran a pilot using BlackRock’s tokenized Treasury-backed BUIDL token as collateral for Bitcoin strategies, yielding over 20% annualized returns. BB Prime is now open for pre-registration before its public launch.