BounceBit has partnered with global asset management firm Franklin Templeton to launch BB Prime, a CeDeFi structured product that actively utilizes tokenized U.S. Treasuries. The platform integrates Franklin Templeton's BENJI tokenized money market fund, backed by short-term U.S. government securities offering ~4.5% yield, as collateral and settlement asset.
Unlike passive holdings, BB Prime enables active deployment of tokenized Treasuries through real-time yield-stacking strategies combining traditional RWA returns with crypto arbitrage opportunities. This marks the first capital-efficient integration of tokenized Treasuries in structured DeFi products.
Concurrently, BounceBit announced a $10 million BB token buyback program funded by protocol revenue to support ecosystem growth. The initiative signals confidence in BounceBit's financial model following BB Prime's launch, which positions the platform as a leader in tokenized RWA execution venues.
Franklin Templeton's BENJI fund (representing its $692M OnChain U.S. Government Money Fund) expands its utility beyond record-keeping to active DeFi collateralization across Ethereum, Solana, Stellar, and Avalanche networks.
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