Franklin Templeton Expands Tokenized Fund Platform to Canton Network

Core Insights - Franklin Templeton has expanded its Benji Technology Platform to the Canton Network, enhancing its position in the tokenized financial products market [1][2] - The integration allows Franklin Templeton to offer tokenized funds to banks and trading firms on Canton's Global Collateral Network [1] Company Overview - Franklin Templeton is a $1.5 trillion asset manager that has developed the Benji platform for issuing and managing tokenized fund shares [1][2] - The Benji platform supports real-time transfers, compliance enforcement, and settlement in stablecoins or cash equivalents [2] Technology and Infrastructure - The Benji platform was initially deployed on public chains and has now shifted to a permissioned infrastructure designed for institutional privacy and regulatory compliance [3] - Canton Network is described as a "public-permissioned" hybrid blockchain, facilitating institutional coordination and overcoming scaling issues [4][5] Market Activity - Canton Network reportedly processes over $6 trillion in tokenized U.S. Treasury activity and supports $280 billion in daily repo transactions [6] - The network has achieved an average of approximately 807,000 daily transactions [6]