Canton Network said Franklin Templeton’s Benji Technology Platform is now live on its blockchain, expanding the asset manager’s presence in regulated digital markets and giving institutional investors wider access to tokenized investment products.
The move connects Franklin Templeton’s blockchain infrastructure with Canton’s Global Collateral Network, a distributed system designed to connect traditional finance with on-chain markets. The integration provides market makers and institutions with a new source of liquidity and security while maintaining compliance and privacy standards, according to an emailed statement Wednesday.
Tokenization is the process by which real-world assets (RWA) are converted into blockchain-based tokens. In a report last month, investment bank Standard Chartered (STAN) predicted that tokenized RWA will hit $2 trillion by 2028.
Franklin Templeton’s Benji platform supports its tokenization strategy, powering the first US-registered mutual fund to use blockchain for transactions and recordkeeping in 2021. Since then, the firm has rolled out multiple tokenized products spanning retail, wealth and institutional clients.
“Our bottom line is to meet institutions where they are, and just as importantly, where they are going,” said Roger Bayston, head of digital assets at Franklin Templeton, in the release. “Integration with the Canton Network provides customers with interoperability and privacy without compromising transparency or security.”
The partnership also strengthens Canton’s role in institutional decentralized finance (DeFi), particularly through its Global Collateral Network. Singapore-based trading firm QCP plans to tap the platform for liquidity, the announcement said.
Canton Network, developed by Digital Asset and backed by firms including Goldman Sachs ( GS ), BNP Paribas ( BNP ) and Broadridge ( BR ), aims to create a peer-to-peer blockchain infrastructure that connects traditional and digital markets. The addition of Franklin Templeton’s technology brings a new layer of tokenized financial products to its growing institutional ecosystem.
Read more: Canton Network Activity Increases When Exchanges Join Validators: Copper Research
