• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Franklin Templeton Expands Benji onto Ethereum Blockchain

user avatar

by Giorgi Kostiuk

a year 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.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Aptos Introduces Token Burn Mechanisms and Adjusts Staking Rewards

chest

Aptos plans to strengthen token burn dynamics and adjust staking rewards to support network security and reduce inflation.

user avatarZainab Kamara

Aptos Proposes Major Economic Shift to Capped Token Supply Model

chest

Aptos is transitioning to a capped token supply model with a hard cap of 21 billion APT tokens and reduced staking rewards to align supply with network activity.

user avatarSon Min-ho

Litecoin Price Stabilization and Technical Analysis Indicate Potential Bullish Trend

chest

Litecoin's price has stabilized around 53 after a significant drop since January, with technical analysis indicating a potential bullish trend.

user avatarAyman Ben Youssef

Institutional Growth Provides Long-Term Support for Solana

chest

Institutional growth provides long-term support for Solana, with a 59% quarter-over-quarter increase in RWA value driven by tokenized treasury products, and total value locked nearing $10 billion.

user avatarTando Nkube

American Bitcoin Corp Reaches 6,000 BTC Milestone Amidst Market Challenges

chest

American Bitcoin Corp has reached a significant milestone by holding 6,039 BTC, making it one of the top 20 public corporate Bitcoin treasuries globally.

user avatarKofi Adjeman

Potential Rebound for Bitcoin as Seasonal Tax Refunds Expected

chest

Analysts suggest that upcoming seasonal tax refunds could provide a liquidity boost for Bitcoin markets, potentially supporting a rebound.

user avatarNguyen Van Long

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.