Franklin Templeton Expands Benji Technology Platform to Canton Network

Core Insights - Franklin Templeton's Benji Technology Platform is now operational on the Canton Network, enhancing its presence in regulated digital markets and providing institutional investors with broader access to tokenized investment products [1][2]. Group 1: Franklin Templeton's Strategy - The integration of Franklin Templeton's blockchain infrastructure with Canton's Global Collateral Network offers market makers and institutions a new source of liquidity and collateral while ensuring compliance and privacy [2][5]. - The Benji platform supports Franklin Templeton's tokenization strategy, having powered the first U.S.-registered mutual fund to utilize blockchain for transactions and recordkeeping since 2021 [4][6]. - Franklin Templeton aims to meet institutional clients' needs by providing interoperability and privacy without sacrificing transparency or security through this partnership [5]. Group 2: Market Context and Predictions - Tokenization refers to the conversion of real-world assets into blockchain-based tokens, with Standard Chartered predicting that tokenized real-world assets will reach $2 trillion by 2028 [3]. - The Canton Network, developed by Digital Asset and supported by major firms like Goldman Sachs and BNP Paribas, seeks to create a permissioned blockchain infrastructure that connects traditional and digital markets [6].