The $300M move: Richard Teng on tokenizing Wall Street
Feb 12, 2026
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Binance co-CEO Richard Teng breaks down the exchange’s 300 million user milestone and how its Franklin Templeton partnership is bringing "smart money" to Web3.
At Consensus Hong Kong 2026, Binance co-CEO Richard Teng detailed the exchange's explosive growth to over 300 million users and its pivot toward "smart money" institutional services. Highlighting a landmark partnership with Franklin Templeton, Teng explained how tokenized money market funds are now being used as off-exchange collateral, allowing institutions to trade Binance's deep liquidity while keeping assets in regulated custody and earning yield.
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This episode was hosted live by Jennifer Sanasie and Eleanor Terrett at Consensus Hong Kong 2026, presented by Hex Trust.
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