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SEC Conference Highlights Institutional Adoption of Blockchain in Asset Management
SEC Conference Highlights Institutional Adoption of Blockchain in Asset Management
22
2
The U.S. Securities and Exchange Commission's conference on Emerging Trends in Asset Management featured a pivotal discussion on digital assets, signaling growing institutional acceptance of blockchain technology. Franklin Templeton Digital Assets head Mike Muir revealed how the firm pioneered tokenized funds with its 2021 launch of the BENJI token, representing shares in its on-chain money market fund.
"Public blockchains offer a transformative approach to record-keeping," Muir noted, describing the industry's shift from relational databases to distributed ledgers. The Franklin OnChain U.S. Government Money Fund remains the only SEC-registered mutual fund using blockchain for transaction processing and ownership records.
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