BounceBit announced its integration with Franklin Templeton, providing investors access to structured yield strategies.
Integration of BounceBit and Franklin Templeton
On August 5, BounceBit announced the addition of Franklin Templeton's tokenized money market fund to the BounceBit Prime platform. This integration enables investors to leverage structured yield strategies available on a platform supported by Blockchain Capital and YZi Labs.
Benefits for Investors
With the new product, investors can use Franklin Templeton's money market fund as collateral and for settlement on the platform, making investments in the real asset ecosystem more capital-efficient. Investors will be able to benefit from approximately 4.5% yield from Franklin Templeton’s fund and further yield opportunities on exchange venues.
Expansion of the Tokenized Asset Market
Franklin Templeton launched its tokenized U.S. government fund in 2021, which is now supported by new partners like Anchorage Digital Bank. The fund is operational across multiple blockchains: Ethereum, Solana, Stellar, and Avalanche. The company is also promoting its BENJI token on VeChain. Major players in the tokenized asset market include BlackRock, Fidelity Investments, and others. BounceBit aims to hold a significant position in the tokenized stock market in the United States, Europe, and Asia.
The integration of Franklin Templeton's tokenized money market into the BounceBit Prime platform opens new opportunities for investors and contributes to the expansion of the tokenized asset market.
