Franklin Templeton Joins Forces with Canton Network: A Game-Changer for Asset Tokenization
Wall Street meets blockchain in a seismic shift for traditional finance.
Franklin Templeton—the $1.5 trillion asset manager—just placed a billion-dollar bet on tokenization by partnering with Canton Network. Forget nibbling at the edges of DeFi; this is institutional adoption on steroids.
Why it matters
Canton’s privacy-focused blockchain solves Wall Street’s compliance headache while opening floodgates for real-world asset (RWA) tokenization. Think bonds, private equity, even that Picasso in your CEO’s office—now divisible as ERC-20 tokens.
The cynical take
Another ‘blockchain revolution’ press release? Maybe. But when a firm that’s been around since 1947 starts playing with smart contracts, even the skeptics perk up. Just don’t expect them to ditch those 2-and-20 fees anytime soon.
TLDR
- Franklin Templeton has launched its Benji Technology Platform on the Canton Network to expand its digital market presence.
- The integration connects Franklin Templeton’s blockchain infrastructure with Canton’s Global Collateral Network.
- The move provides institutional investors with access to new liquidity and collateral while ensuring compliance and privacy.
- Franklin Templeton’s Benji platform underpins its tokenization strategy, including the first U.S.-registered mutual fund using blockchain.
- Tokenized real-world assets are projected to reach $2 trillion by 2028, driving Franklin Templeton’s continued growth in tokenization.
Franklin Templeton has launched its Benji Technology Platform on the Canton Network. This integration enhances the asset manager’s reach in digital markets. It offers institutional investors access to tokenized investment products.
Franklin Templeton Bridges Traditional and Digital Markets
By connecting its platform to the Canton Network, Franklin Templeton expands its blockchain infrastructure. This connection integrates with Canton’s Global Collateral Network, creating a link between traditional and on-chain markets. The MOVE enables market makers and institutions to tap into new liquidity and collateral sources.
Roger Bayston, head of digital assets at Franklin Templeton, highlighted the importance of meeting institutions where they are. “Integrating with the Canton Network gives clients interoperability and privacy without compromising transparency or security,” said Bayston. This connection supports compliance and privacy standards while providing a seamless bridge between traditional finance and digital markets.
Strengthening Tokenization of Real-World Assets
Franklin Templeton’s Benji platform powers its tokenization strategy. In 2021, it introduced the first U.S.-registered mutual fund that uses blockchain for transactions and recordkeeping. Since then, Franklin Templeton has rolled out tokenized products across retail, wealth, and institutional sectors.
Tokenization converts real-world assets (RWAs) into blockchain-based tokens. The firm aims to lead the way in tokenizing financial products, providing clients with access to new forms of investment. As tokenized RWAs are projected to reach $2 trillion by 2028, Franklin Templeton’s move positions it for future growth.
Expanding Institutional DeFi with Canton Network
Canton Network continues to grow as a key player in institutional decentralized finance (DeFi). The network’s Global Collateral Network enables firms like Franklin Templeton to offer tokenized products to institutional clients. Singapore-based trading firm QCP plans to utilize this platform for increased liquidity.
Canton Network, developed by Digital Asset and supported by major financial institutions, connects traditional finance to blockchain-based markets. This latest collaboration with Franklin Templeton adds another LAYER of tokenized financial products to its expanding ecosystem.
Through this partnership, Franklin Templeton strengthens its position in the blockchain and tokenization space. This move signals the firm’s commitment to advancing blockchain solutions in the investment sector.
