• 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

Bitcoin Shows Signs of Short-Term Rebound Amid Ongoing Market Analysis

chest

Bitcoin shows signs of short-term rebound with increased buying momentum and liquid supply on Binance.

user avatarDiego Alvarez

Ethereum Derivatives Market Contracts as Traders Respond to Global Pressures

chest

The Ethereum derivatives market is experiencing a significant decline as traders unwind leverage in response to macroeconomic and geopolitical pressures.

user avatarKenji Takahashi

David Schwartz Addresses XRP Ledger Transaction Control Speculation

chest

David Schwartz clarifies that valid transactions on the XRP Ledger cannot be blocked unless users agree to change the validity rules.

user avatarMaria Fernandez

UK Gambling Commission's Crypto Payment Review Linked to FCA's New Framework

chest

The UK Gambling Commission's potential move to allow cryptocurrency payments at licensed gambling venues is linked to the FCA's new oversight framework for cryptocurrencies.

user avatarGustavo Mendoza

UK Gambling Commission Explores Cryptocurrency Payments Amid Illegal Gambling Concerns

chest

The UK Gambling Commission is exploring the possibility of allowing cryptocurrency as a payment method for licensed online gambling platforms due to rising illegal gambling activities.

user avatarRajesh Kumar

Apple's Strategic Advantage in AI Amidst Market Challenges

chest

Jim Cramer highlights Apple's strategic advantage in the AI sector through its Google Gemini deal, despite concerns over stock performance.

user avatarMiguel Rodriguez

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.