Franklin Templeton Expands Benji onto the Canton Network: Bridging TradFi and Tokenized Assets

Franklin Templeton has announced the launch of its Benji Technology Platform on the Canton Network, enhancing the access for institutional investors to tokenized investment products. This partnership aims to link traditional finance and digital assets within a regulated and secure framework, providing greater flexibility and opportunities for market participants.

Key Takeaways

Franklin Templeton's Benji Technology Platform is now available on the Canton Network, offering a seamless connection between traditional finance and digital asset management.
The Benji platform, first introduced in 2021, allows for the management of tokenized investments and has seen the rollout of various on-chain products.
New features, including Intraday Yield, enhance market opportunities by calculating yield distributions in real-time during token transfers.
The collaboration aims to boost liquidity through Canton’s Global Collateral Network, establishing trusted, scalable solutions for institutional finance.
The integration signifies growing momentum behind the tokenization of financial products, facilitating a more interconnected market landscape.

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The Expansion of Benji Technology on the Canton Network

Canton Network has officially integrated Franklin Templeton’s Benji Technology Platform, granting institutional investors improved access to tokenized investment offerings via its digital infrastructure. This alliance is designed to merge traditional finance with digital assets in a secure and trusted manner, focusing on compliance, transparency, and operational efficiency.

A Robust Blockchain Solution for Tokenized Investments

Franklin Templeton’s Benji Technology Platform is a proprietary blockchain-based system created for effectively managing tokenized investments.

In 2021, Franklin Templeton made history by launching the first U.S.-registered mutual fund capable of processing transactions and maintaining share ownership records directly on the blockchain. Since then, the firm has developed a variety of fully on-chain tokenized investment solutions tailored to meet the varied needs of retail, institutional, wealth management, and banking clients. Its extension to the Canton Network strengthens global client engagement with digital assets in a regulated framework.

Roger Bayston, Head of Digital Assets at Franklin Templeton, commented, “Our goal is to engage with institutions based on their current needs and future direction. By integrating the Benji Technology Platform with the Canton Network, we provide a private blockchain option while ensuring the interoperability that our clients demand, without sacrificing transparency or security.”

Earlier this year, Franklin Templeton introduced Intraday Yield, an innovative feature of its Benji Technology Platform that significantly enhances market opportunities for clients and partners. This pending patent technology delivers advantages for investors through yield calculations and distributions executed in real-time with one-second precision when tokenized securities are transferred.

Enhancing Liquidity via Canton’s Global Collateral Network

The partnership also opens up new avenues within Canton’s Global Collateral Network, which facilitates mobile collateral and cross-market liquidity for institutions. Entities like QCP aim to utilize Franklin Templeton’s platform as a reliable source of liquidity within this ecosystem.

“This partnership exemplifies how regulated tokenized products can drive the evolution of institutional finance,” stated Darius Sit, founder of QCP. “Together with Canton, we are creating dependable, scalable solutions that set new market benchmarks.”

Growing Trends in Institutional Tokenization

Georg Schneider, head of RWA at Digital Asset, remarked, “Integrating the Benji Technology Platform into the Canton Network showcases our ecosystem's strength and the accelerating trend in tokenized finance.”

Canton continues to broaden its reach, connecting global institutions with tokenized assets and providing the infrastructure for regulated markets to function smoothly in the digital landscape. Innovations like Benji serve to diminish the divide between traditional and digital finance, paving the way for a future characterized by interoperability, liquidity, and trust.