As part of its latest measures to expand product and service diversity under the ASPIRe Roadmap, the SFC is enabling virtual asset brokers to offer virtual asset financing to their securities margin clients
The collaboration allows eligible clients to use tokenised money market fund shares issued through Franklin Templeton鈥檚 Benji technology platform as off-exchange collateral when trading on Binance
The lab will support collaborative, exploratory work focused on how synchronised payments through the Bank of England鈥檚 Real-Time Gross Settlement (RTGS) service could support the future evolution of wholesale market infrastructure
The group has outlined its counterparty risk-dependent stance on tokenised collateral, preferring systemically important institutions to third or fourth-tier banks
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