BounceBit is incorporating Franklin Templeton's tokenized money market fund into its structured yield platform, BB Prime, thereby fusing U.S. Treasury yields with cryptocurrency yield strategies. This tokenized fund will function as collateral and enable settlement for various investment returns, allowing investors to harness Treasury yields while augmenting their returns through additional strategies. Tokenized Treasuries represent a growing asset class valued at approximately $7 billion, gaining traction among sophisticated investors. Franklin Templeton, a pioneer in issuing tokenized funds on public blockchains, launched its tokenized U.S. money market fund, BENJI, in 2021, which has been structured to accommodate a variety of global client requirements. BounceBit's partnership signifies a movement into using real-world assets for scalable financial applications. The BB Prime platform is currently available for pre-registration ahead of its public launch.

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