Franklin Templeton, a leading asset management company, has made a significant step in its DeFi project by launching the Benji tokenization platform on Ethereum.
New Platform on Ethereum
Franklin Templeton recently launched its Benji tokenization platform on Ethereum, adding it to the previously integrated platforms Aptos, Avalanche, Arbitrum, and Base. This makes Benji available on seven platforms, including Stellar and Polygon.
Integration and Development
The Benji project is a crucial step in updating Franklin Templeton’s 50-year-old infrastructure. The platform provides a regulatory-compliant solution for issuing and managing tokens and has been implementing the new technological solution over the past five years.
Strategic Innovations
In a podcast, Sandy Kaul, Head of Innovation Strategies at Franklin Templeton, revealed that the company started building its DeFi solution in 2017. She emphasized the importance of implementing KYC and AML technology in Benji, which has adapted the platform to security requirements.
The launch of the Benji tokenization platform on Ethereum strengthens Franklin Templeton's position in the DeFi sector and confirms the company's commitment to innovation in asset management.
