Franklin Templeton Expands Tokenized Fund Platform to Canton Network

Franklin Templeton has expanded its Benji tokenization platform to the Canton Network, a private blockchain designed for regulated institutions, enhancing its offerings in the growing marketplace for tokenized financial products. This integration allows the asset management firm to provide tokenized funds to banks and trading firms within Canton’s Global Collateral Network. The Benji platform facilitates real-time asset transfers while ensuring compliance at the protocol level. Previously launched on public blockchains, the shift to Canton signifies a focus on privacy and regulatory alignment. The Benji platform debuted in 2019 and was publicly launched in 2021 with significant asset value accumulations. Canton Network, known for its handling of substantial repo transactions, distinguishes itself with a hybrid blockchain model that enables efficient and private settlement of tokenized assets. The Canton Coin, its native token, experienced a significant price drop shortly after launch despite being backed by a hefty investment, yet maintains high transaction volume, underscoring ongoing interest in its ecosystem.

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