Franklin Templeton Expands Benji Technology Platform to Canton Network

The Canton Community mentioned Franklin Templeton’s Benji Know-how Platform is now stay on its blockchain, increasing the asset supervisor’s presence in regulated digital markets and giving institutional buyers broader entry to tokenized funding merchandise.

The transfer hyperlinks Franklin Templeton’s blockchain infrastructure to Canton’s International Collateral Community, a distributed system designed to attach conventional monetary markets with on-chain markets. The mixing offers market makers and establishments a brand new supply of liquidity and collateral whereas sustaining compliance and privateness requirements, based on an emailed announcement on Wednesday.

Tokenization is the method of changing real-world property (RWA) into blockchain-based tokens. In a report final month, funding financial institution Commonplace Chartered (STAN) predicted that tokenized RWA will attain $2 trillion by 2028.

Franklin Templeton’s Benji platform helps its tokenization technique and types the premise for the primary US registered mutual fund to make use of blockchain for transactions and record-keeping in 2021. Since then, the corporate has rolled out a number of tokenized merchandise for retail, wealth and institutional purchasers.

“Our premise is to satisfy establishments the place they’re, and simply as importantly, the place they’re going,” mentioned Roger Bayston, head of digital property at Franklin Templeton, within the press launch. “Integration with the Canton Community offers clients interoperability and privateness with out compromising transparency or safety.”

The partnership additionally strengthens Canton’s position in institutional decentralized finance (DeFi), significantly by means of its International Collateral Community. Singapore-based buying and selling agency QCP plans to faucet the platform for liquidity, the discharge mentioned.

Canton Community, developed by Digital Asset and supported by corporations corresponding to Goldman Sachs (GS), BNP Paribas (BNP) and Broadridge (BR), goals to create a permissioned blockchain infrastructure that connects conventional and digital markets. The addition of Franklin Templeton’s know-how brings a brand new layer of tokenized monetary merchandise to its rising institutional ecosystem.

Learn extra: Networking exercise in Canton is rising as exchanges be a part of Validators: Copper Analysis