Franklin Templeton Expands Benji Technology Platform to Canton Network
Franklin Templeton's Benji Technology Platform has launched on the Canton Network blockchain, expanding its presence in regulated digital markets and enhancing access to tokenized investment products for institutional investors. The integration connects Benji's blockchain infrastructure with Canton's Global Collateral Network, promoting liquidity, compliance, and privacy. Tokenization, which converts real-world assets to blockchain tokens, is predicted to grow significantly, with Standard Chartered estimating $2 trillion in tokenized assets by 2028. Franklin Templeton, a pioneer in blockchain-based mutual funds, strengthens its decentralization efforts with this collaboration, bolstering Canton's institutional decentralized finance ecosystem. Backed by leading firms like Goldman Sachs, the Canton Network aims to bridge traditional and digital markets through its permissioned blockchain infrastructure.
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Franklin Templeton Expands into Regulated Digital Markets
The Canton Network announced that Franklin Templeton’s Benji Technology Platform is now live on its blockchain. This move expands the asset manager’s presence in regulated digital markets and provides institutional investors with wider access to tokenized investment products.
Integration with Canton’s Global Collateral Network
The integration links Franklin Templeton’s blockchain infrastructure to Canton’s Global Collateral Network, which serves as a distributed system connecting traditional finance with on-chain markets. This collaboration offers market makers and institutions a new source of liquidity and collateral while ensuring compliance and privacy standards, according to an emailed announcement on Wednesday.
Understanding Tokenization
Tokenization refers to the process of converting real-world assets (RWA) into blockchain-based tokens. According to a report by investment bank Standard Chartered (STAN) last month, tokenized RWA are projected to reach $2 trillion by 2028.
Franklin Templeton’s Tokenization Strategy
Franklin Templeton’s Benji platform plays a critical role in its tokenization strategy. In 2021, the platform powered the first U.S.-registered mutual fund to use blockchain for transactions and recordkeeping. Since then, Franklin Templeton has launched several tokenized products targeting retail, wealth, and institutional clients.
Roger Bayston on the Partnership
Roger Bayston, head of digital assets at Franklin Templeton, highlighted the importance of the integration in the release: “Our bottom line is to meet institutions where they are, and just as importantly, where they’re headed.” He emphasized that the partnership with Canton Network provides clients with interoperability and privacy while maintaining transparency and security.
Strengthening Institutional DeFi
The partnership reinforces Canton’s role in institutional decentralized finance (DeFi), particularly through its Global Collateral Network. The release added that Singapore-based trading firm QCP plans to tap the platform for liquidity.
Canton Network's Vision
Developed by Digital Asset and backed by key players such as Goldman Sachs (GS), BNP Paribas (BNP), and Broadridge (BR), the Canton Network aims to build a permissioned blockchain infrastructure connecting traditional and digital markets. The addition of Franklin Templeton’s technology adds a new layer of tokenized financial products to Canton’s growing institutional ecosystem.