๐ฅ #Binance and Franklin Templeton launched a model for institutions: now you can trade on Binance without transferring funds to the exchange. Tokenized money market funds #FranklinTempleton serve as collateral, and the exchange opens credit for spot and futures. This solution reduces storage risks after the FTX incident and enhances the inflow of institutional capital into the crypto market.
๐ธIn simple words ๐
๐ธLarge investors no longer need to keep money on Binance to trade crypto.
Now they buy a special tokenized fund from Franklin Templeton, and Binance sees it on the blockchain and gives them credit for trading.
๐ก What this means:
โ Money is not sitting on the exchange โ less risk (as was with FTX)
โ It has become safer for institutions to enter crypto
โ Potentially more large money in the market
๐ธIn short: large players have been given an easier entry into the crypto market without the risk of storing funds on the exchange.
$BNB $ETH
๐ธIn simple words ๐
๐ธLarge investors no longer need to keep money on Binance to trade crypto.
Now they buy a special tokenized fund from Franklin Templeton, and Binance sees it on the blockchain and gives them credit for trading.
๐ก What this means:
โ Money is not sitting on the exchange โ less risk (as was with FTX)
โ It has become safer for institutions to enter crypto
โ Potentially more large money in the market
๐ธIn short: large players have been given an easier entry into the crypto market without the risk of storing funds on the exchange.
$BNB $ETH