Franklin Templeton introduces the Benji Token to the Canton Blockchain.

Asset management giant Franklin Templeton has announced the integration of its Benji tokens, representing money market fund shares, into the institutional-grade Canton Blockchain Network. (Background: Franklin launched Hong Kong's first tokenized USD fund, targeting the $19 trillion US Treasury RWA market) (Supplementary background: Canton Network ecosystem explained: Breaking the barriers between TradFi and DeFi, the AllFi era of full finance has arrived) *This article is a sponsored piece, written and provided by Canton Network, and does not represent the position of BlockTempo, nor is it investment advice or a recommendation to buy or sell. See the end of the article for a liability disclaimer. Asset management leader Franklin Templeton announced that it has completed the integration of its blockchain infrastructure with the bank-supported Canton Network, aiming to expand the use of its tokenized funds among institutional investors. Participants in the Canton Network include well-known institutions like Goldman Sachs Group (Goldman Sachs Group Inc.) and Tradeweb Markets Inc., with its main appeal being the ability to ensure the privacy of certain transaction details. Franklin Templeton's innovation chief Sandy Kaul pointed out that with the company's entry, participants in the network will be able to hold and trade their Benji tokens—a digital token representing shares of their money market funds. Currently, major Wall Street firms are accelerating the adoption of blockchain and digital asset technologies to streamline and innovate traditional financial processes. Additionally, the friendly stance of former U.S. President Donald Trump (Donald Trump) towards cryptocurrencies has injected new momentum into these developments. Kaul stated in an interview, “Institutional participants want to protect transaction privacy; they do not want their trading activities recorded on a public blockchain.” Franklin Templeton expects that the Benji token will help increase the liquidity of collateral. This will allow various asset types, including money market funds, to be transferred almost instantaneously between institutions on the blockchain and reused as collateral. Kaul explained that the returns on the Benji token are calculated throughout the day and paid out daily. This means that compared to stablecoins, whether used for holding funds or as collateral, the Benji token may be a more capital-efficient tool. Stablecoins are cryptocurrencies typically pegged to traditional assets like the US dollar and are increasingly popular as payment tools. However, although stablecoin issuers can earn returns through their reserve assets (often U.S. Treasury bonds), these returns are usually not shared with token holders, prompting investors to seek alternative options. Franklin Templeton's OnChain U.S. Government Money Fund was launched in 2021 on the public blockchain Stellar. According to data from rwa.xyz, the fund currently has an Assets Under Management (AUM) of approximately $845 million. Canton is a blockchain network developed by Digital Asset Holdings, launched in 2023. According to data from rwa.xyz, the real-world assets (RWA, including stablecoins) hosted on the Canton network are valued at approximately $396 billion, while Ethereum is around $192 billion. According to a recent Copper Research report, the Canton network has experienced “exponential growth” in recent months. The network has partnered with Euroclear Bank (Euroclear Bank SA) to launch the first phase of the Global Collateral Network earlier this year, jointly exploring how to leverage blockchain technology for the instant, cross-border flow of collateral. Sponsored content disclaimer: The content of this article is a sponsored submission provided by the contributor, and the contributor has no relationship with BlockTempo. This article does not represent the position of BlockTempo. It does not intend to provide any investment, asset advice, or legal opinions, nor should it be considered an offer to buy, sell, or hold assets. Any services, programs, or tools mentioned in the sponsored content are for reference only, and the final actual content or rules are subject to the contributor's announcement or explanation. BlockTempo is not responsible for any potential risks or losses and reminds readers to diligently verify before making any decisions or actions. Related reports: Wall Street giants co-create “secret weapon,” how does Canton Network build the answer for the RWA track? Franklin launches Hong Kong's first tokenized USD fund, targeting the $19 trillion US Treasury RWA market. Goldman Sachs and DRW plan to invest $500 million in the yet-to-be-launched Canton Network, establishing a new DAT reserve company. This article on Franklin Templeton introducing the Benji token to the Canton blockchain was first published by BlockTempo, the most influential blockchain news media.