Binance and Franklin Templeton have announced a partnership to develop tokenized investment products that promise to make tokenization a more accessible and commonplace aspect of investing.
Partnership for Asset Tokenization
Binance, the world's largest crypto exchange, has partnered with Franklin Templeton, a major asset manager with $1.6 trillion under management. The goal of this partnership is to create new tokenized products, which are expected to be faster, more flexible, and easier to trade.
Franklin Templeton's Experience with Tokenized Funds
Franklin Templeton is already active in the field of tokenization. In 2021, they launched BENJI, a U.S.-regulated money market fund on the Stellar blockchain, which later expanded to Ethereum and Solana. This product has grown into one of the largest government securities funds in the decentralized finance sector.
Tokenization Trends in the US
The partnership between Binance and Franklin Templeton comes amid a growing interest in tokenized securities in the crypto industry. Other major players, such as Kraken and Gemini, are also actively developing their tokenized products. Nasdaq has submitted a request to the Securities and Exchange Commission to approve a rule change that would allow tokenized securities to trade alongside regular stocks.
The partnership between Binance and Franklin Templeton may become a key step toward integrating tokenization into traditional financial markets, providing access to a new class of investment assets.
