Franklin Templeton Expands Benji Platform to BNB Chain, Blending TradFi and Web3
Franklin Templeton has expanded its platform to the BNB Chain, a significant move that combines traditional finance with Web3 technology. This expansion, led by Roger Bayston, head of digital assets, allows Franklin Templeton to tap into one of the world's largest retail-oriented blockchain ecosystems.
The platform, Franklin Templeton's proprietary tokenization system, enables management, trading, and administration of digital investment products. It serves as the backbone for a suite of tokenized products, including the Franklin OnChain U.S. Government Money Fund (FOBXX), which has accumulated approximately $732 million in total locked value, with nearly $480 million hosted on the Stellar blockchain.
By embracing a multi-chain strategy, Franklin Templeton is positioning itself as a leading asset manager, bringing regulated investment products into the digital economy. The expansion to BNB Chain expands the platform's reach beyond existing networks such as Ethereum, Solana, Base, Stellar, Polygon, Arbitrum, Avalanche, and Aptos. This move underscores the evolution of tokenization from experimental pilots to large-scale implementation, offering investors a combination of regulatory assurance and the efficiency of decentralized networks.
Franklin Templeton's expansion of the platform to the BNB Chain demonstrates its commitment to providing investors with innovative tools that combine traditional finance and Web3 technology. This strategic move positions the company as a leader in the digital economy, offering investors access to regulated, tokenized investment products across multiple blockchain networks.
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