4.5% Tokenized Money Market Fund Don Launch for BounceBit Prime
Franklin Templeton 4.5% tokenized money market fund don land for BounceBit Prime, e bring $692 million U.S. govt assets wey dey on-chain come for traders. E start for 2021, this money market fund dey issue BENJI token and e dey run for Ethereum, Solana, Stellar, Avalanche and VeChain, Anchorage Digital Bank na dem dey provide institutional-grade collateral. For BounceBit Prime, traders fit use the fund for collateral, settlement and new DeFi yield strategies. The integration dey improve capital efficiency through programmable governance. E follow similar real-world asset tokenization moves by BlackRock and Fidelity, and e dey pave way for tokenized stocks. As more RWAs dey move on-chain, crypto traders fit expect more yield opportunities across exchanges and regions.
Bullish
The launch of Franklin Templeton’s tokenized money market fund on BounceBit Prime don show say institutional bodies dey adopt on-chain real-world assets more and more. For short term, traders fit increase demand for BENJI and other DeFi tokens to enjoy the 4.5% yield, wey go boost TVL and liquidity for Ethereum, Solana, Stellar, Avalanche and VeChain networks. For long term, this integration go improve capital efficiency through programmable governance and set blueprint for future tokenized stock products, wey go bring more institutional money and market growth. Overall, this development dey support better prospects for DeFi yield strategies and RWA tokenization.