Congratulations to Binance (@binancezh) and Franklin Templeton (@FTI_Global) on launching their institutional OTC collateral program, taking their collaboration a step further! In short: Institutions can now use traditional money market funds (MMFs) as collateral to trade on Binance without transferring their assets to the exchange. This also signifies that Wall Street's "old money" is beginning to be willing to use "traditional compliant assets" to back the crypto market. When traditional money market funds start providing credit to the crypto market, crypto is no longer just a speculative market, but part of the financial system. To put it another way: Previously, money had to be deposited into an exchange → to buy and sell $BTC. Now, money remains within the traditional financial system → and can be used for collateralized cryptocurrency trading! When US Treasury bonds, MMFs, and ETFs are all collateralizable, a continuous influx of funds will help $BTC break through $1 million, you'll find that today's collaboration with Binance may be the starting point of the next bull market!

I hope so.

Buy more!