BounceBit Prime surpasses $1.5B in cumulative quantity with assist from Franklin Templeton’s Benji

Key Takeaways

BounceBit Prime exceeded $1.5B in cumulative quantity, largely because of help from Franklin Templeton’s Benji token.
Benji is a tokenized share of Franklin Templeton’s OnChain US Authorities Cash Fund and acts as collateral in BounceBit Prime methods on BNB Chain.

BounceBit Prime, a structured yield product integrating tokenized real-world property, has surpassed $1.5 billion in cumulative quantity with vital contributions from Franklin Templeton’s Benji token.

Benji represents Franklin Templeton’s tokenized shares in its OnChain US Authorities Cash Fund and serves as collateral inside BounceBit Prime’s capital-efficient methods on BNB Chain.

Franklin Templeton, which manages $1.6 trillion in property, not too long ago minted an extra $1 million in Benji tokens to help collateralized buying and selling inside the BounceBit ecosystem.

BounceBit Prime has reached over $10 million in whole worth locked, with its Benji Vault delivering a mixed 13.31% APY from base yields and structured methods.