Franklin Templeton Expands Tokenized Fund Platform to Canton Network

Franklin Templeton has expanded its proprietary Benji Technology Platform to the Canton Network, a backstage blockchain for regulated institutions, successful a determination aimed astatine deepening its relation successful the fast-paced marketplace for tokenized fiscal products.

The integration allows the $1.5 trillion plus manager to connection its tokenized funds and concern vehicles to banks, marketplace makers, and trading firms progressive connected Canton’s Global Collateral Network.

It’s meant “to present a backstage blockchain enactment alongside the interoperability clients expect,” Roger Bayston, caput of integer assets astatine Franklin Templeton, said successful a connection shared with Decrypt.

Benji is Franklin Templeton’s blockchain-native infrastructure for issuing, recording, and settling tokenized money shares. It supports real-time transfers betwixt approved wallets, enforces compliance astatine the protocol level, and allows assets to settee successful stablecoins oregon currency equivalents.

While initially deployed connected nationalist chains specified arsenic Stellar, Polygon, Arbitrum, Avalanche, and Aptos, Benji’s enlargement to Canton marks a displacement toward permissioned, purpose-built infrastructure designed for institutional-grade privacy, composability, and regulatory alignment.

Benji was initially presented to the U.S. Securities and Exchange Commission successful 2019 and launched publically successful 2021 with the Franklin OnChain U.S. Government Money Fund (FOBXX), the archetypal SEC-registered money to process transactions and grounds ownership connected a nationalist blockchain.

The merchandise has since accrued implicit $844 cardinal successful distributed plus value, according to data from RWA.xyz.

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Canton Network, meanwhile, is touted arsenic a “public-permissioned” hybrid attack to blockchain plan built for organization coordination, according to its Whitepaper. 

While Bitcoin and Ethereum are considered permissionless—meaning anyone tin articulation and usage the network—Canton distinguishes itself by synchronizing with different domains successful its ecosystem successful parallel to flooded scaling bottlenecks.

Its Global Synchronizer maintains statement crossed those connected sub-ledgers, allowing real-time, privacy-preserving colony of tokenized assets without exposing counterparty positions.

The web supposedly processes implicit $6 trillion successful tokenized U.S. Treasury enactment and supports $280 cardinal successful regular repo transactions, according to its ain estimates. Average regular transactions person reached astir 807,000, according to data connected the integer plus terminal The Tie.

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