Franklin Templeton Expands Tokenized Fund Platform to Canton Network

Franklin Templeton is extending its Benji platform to the Canton Network, enhancing its capacity to issue regulated tokenized funds. The Canton Network processes over $6 trillion in tokenized assets and facilitates approximately $280 billion in daily repo transactions. This integration enables Franklin Templeton, which manages $1.5 trillion in assets, to provide tokenized funds to various financial institutions. Benji, initially launched on public blockchains, now shifts to a more private, permissioned structure, ensuring compliance and enhanced security for institutional clients. The platform supports real-time transfers and settlement in stablecoins, positioning Franklin Templeton to meet regulatory requirements while optimizing operational efficiency. Previous deployments of Benji facilitated significant asset value accumulation, highlighting its role in the evolving financial landscape. The Canton Network's hybrid model promises to deliver further interoperability and privacy for its participants.

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