Franklin Templeton just announced that they are expanding their Benji Technology Platform over to BNB Chain. This step is all about making tokenised investment products available to more people. The Benji platform handles trading, management, and administration for token-based investments. It is their own setup for that kind of thing. This comes right after their recent partnership with Binance on tokenisation projects.
Back in 2021, the Benji platform helped launch the first U.S.-registered mutual fund on-chain. Now it supports several tokenised products for both retail and institutional clients. Each share of the Franklin OnChain U.S. Government Money Fund, which is FOBXX, gets represented by one BENJI token. That token holds a total locked value of around $732 million these days. The platform runs on public blockchain networks for all the transaction stuff.
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Putting the Benji platform on BNB Chain means Franklin Templeton can reach more users. They get to use the network’s low-cost setup and its focus on compliance. This should boost the platform’s features and grow its user base pretty much right away. The partnership shows how BNB Chain can handle regulated real-world assets on a large scale. It feels like a solid fit for what they need.
Tokenization is starting to take real shape in traditional finance. Institutions are turning to blockchain to speed up settlements, make things more accessible, and add transparency to markets that used to be pretty opaque.
Franklin Templeton’s move to BNB Chain highlights their push to offer tokenized products on various platforms. The asset manager has been at this tokenization work for a few years now. You can see it building momentum.
Even with the growth, institutional adoption of tokenisation is still pretty limited. Fragmented cross-border regulations hold it back. There is also a lack of clear legal rules for on-chain investments. Plus, worries about enforceability and how reliable protocols really are.
JPMorgan analysts pointed out these issues in a recent report. Sorting them out will be key if tokenisation wants to go mainstream. Franklin Templeton’s expansion of the Benji platform to BNB Chain is a big step in the rise of traditional finance.
The industry keeps changing, and it seems like platforms such as BNB Chain, along with managers like Franklin Templeton, will have to tackle the hurdles and grab the chances that come with tokenisation. The future for it looks bright. It could bring more efficiency and transparency to financial markets in the end.
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