💹 BounceBit + Franklin Templeton: Tokenized US Treasury Enters the Crypto Yields Game
@bounce_bit 🌿🌿#BounceBitPrime
🚀 What happened?
BounceBit announced the integration of Franklin Templeton's tokenized money market fund (BENJI) into its BB Prime, combining yields from US Treasury securities with crypto yield strategies.
📌 Partnership highlights:
• BENJI as collateral and settlement → Allows investors to earn yields from Treasuries while leveraging crypto strategies such as funding and basis arbitrage.
• RWA on the rise → Tokenized Treasuries already total $7 billion in market value, with increasing use by sophisticated investors.
• First real application → According to CEO Jack Lu, this is the first time tokenized Treasuries are used in active yield strategies.
🏦 Market context:
• BlackRock, BNY Mellon, and Goldman Sachs have already launched similar tokenized funds.
• Franklin Templeton was a pioneer, launching BENJI in 2021, offering solutions for retail, wealth, banks, and use as collateral.
• BounceBit has already tested the use of BUIDL (BlackRock) as collateral in Bitcoin derivatives, achieving over 20% annualized return.
📢 Next steps:
• BB Prime is in pre-registration before public launch.
• The partnership indicates that institutional RWAs have moved from testing and entered the stage of real scaling.
💡 Quick summary: Tokenized treasury + crypto = new frontier for yield with safety and enhanced return potential.