BounceBit Builds a New Credit Layer For Tokenized Assets With Franklin Templeton

BounceBit has launched Borobudur, a new credit infrastructure layer built on top of its capital platform. The system allows holders of Franklin Templeton's BENJI positions to borrow $BB-denominated credit at 0% interest, while their underlying assets continue generating yield.

How Borobudur Works

Borobudur lets BENJI holders access zero-interest credit lines without liquidating their positions. The feature, delivered through BB Credit within BounceBit's portal, effectively turns yield-bearing assets into collateral for borrowing, all denominated in BounceBit's native $BB token. The result is that users keep their yield exposure intact while unlocking liquidity at no borrowing cost.

BENJI represents shares of Franklin Templeton's regulated US government money market fund, known formally as FOBXX. The fund uses blockchain technology for transaction processing, making it one of the earliest examples of a major asset manager putting real-world fund infrastructure on-chain. The token records ownership directly on blockchains including Ethereum, Solana, Stellar, Avalanche, and VeChain, and the fund is backed by US government securities under regulatory oversight.

Building on an Existing Partnership

BounceBit first integrated BENJI into its yielding strategies in August 2025, establishing the foundational relationship between the two platforms. Borobudur represents the next logical step: not just letting users earn yield on tokenized traditional assets, but letting them extract additional utility from those positions through borrowing.

BounceBit Prime, a structured yield product integrating tokenized real-world assets, has surpassed $1.5 billion in cumulative volume. BENJI serves as collateral within BounceBit Prime's capital-efficient strategies on BNB Chain. Franklin Templeton, which manages $1.6 trillion in assets, recently minted an additional $1 million in BENJI tokens to support collateralized trading within the BounceBit ecosystem.

With Borobudur, BounceBit is pushing the RWA narrative further, bridging traditional tokenized assets and on-chain credit into a single unified system. For investors holding regulated fund shares on-chain, the update means capital no longer has to sit idle to preserve yield.

Sources:
Crypto Briefing: BounceBit launches Borobudur credit layer for Franklin Templeton's BENJI
CoinDesk: BounceBit Adds Franklin Templeton Tokenized Fund for Yield Strategies
Crypto Briefing: BounceBit Prime surpasses $1.5B in cumulative volume