Franklin Templeton Expands Benji onto Ethereum Blockchain

user avatar

by Giorgi Kostiuk

2 years ago

Franklin Templeton, a renowned asset management firm, has extended its reach into decentralized finance by launching its tokenization project, Benji, on the Ethereum blockchain.

Benji Project: Path to Tokenization

This marks the company's fifth platform integration in 2023. Previously, Benji was successfully launched on Aptos, Avalanche, Arbitrum, and Base. It is now also available on Stellar and Polygon.

Advancements in Asset Management

Sandy Kaul, Head of Innovation Strategies, discussed in a podcast how work on the DeFi solution began in 2017. The project includes a system for issuing and managing tokens and a wallet adhering to KYC and AML regulations. This system ensures secure key storage and allows for regulated fund issuance.

The new stack supports thorough regulatory reporting and allows easy exchange of stablecoins within Franklin Templeton's network.Sandy Kaul

Prospects for the Investment Community

This new system is a significant improvement over Franklin Templeton's 50-year model, shifting to a simplified wallet system. Kaul believes this change will facilitate user interaction and open up more investment opportunities.

This initiative underscores the growing role of DeFi, highlighting its significance for the traditional finance industry and expanding asset management options.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Bron Joins Hashgraph Association's Global Membership Program

Selfcustody platform Bron has joined the Hashgraph Association's Global Membership Program to enhance its connection with the Hedera ecosystem.

user avatarLucas Weissmann

Bitwise Asset Management Raises Bitcoin Price Projection to $1.6 Million by 2036

Bitwise Asset Management has raised its long-range Bitcoin price projection to $1.6 million by 2036, reflecting significant growth expectations based on anticipated institutional allocations and demand for scarce assets.

user avatarFilippo Romano

Movantis Integrates Stellar for Enhanced Cross-Border Payments

Movantis and the Stellar Development Foundation announced on October 29 that Stellar will become a settlement option in Movantis' multirail payment network, focusing initially on USDC settlements for transfers from the US to El Salvador.

user avatarEmily Carter

Pontoro and Archax Introduce Automated Liquidity Pool on Stellar

Pontoro and Archax have launched an Automated Liquidity Pool on the Stellar network during Meridian 2026, combining liquid money market assets with private market fund exposure.

user avatarTomas Novak

Chainlink Launches 24/7 Pricing Service for Onchain Assets

Chainlink has launched a new service that provides a continuous price series for assets, solving the issue of unreliable pricing during off-hours for onchain applications.

user avatarMaya Lundqvist

Securitize Announces Integration with Stellar Network

Securitize announced plans to integrate the Stellar network into its infrastructure for institutional asset managers, enhancing the management of tokenized financial assets.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.