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