Franklin Templeton expands its Benji to Bnb Chain tokenization platform

By Hannah Pérez

Benji, the Franklin Templeton token platform, is now available from Ethereum, Stellar, Solana, BNB Chain and more blockchain networks. Binance and Franklin Templeton announced a collaboration.

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• Franklin Templeton’s tokenization platform lands at BNB Chain.
• It already operates in networks such as Ethereum, Stellar, Solana and Arbitrum.
• Binance and Franklin Templeton previously announced a collaboration.
• BNB recently rose to a new USD $ 1,080.

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Franklin Templetonan investment management giant with more than 1.6 billion dollars in assets under its administration, has announced the expansion of its tokenization platform, known as Benji Technology Platformtowards the network BNB Chain.

The integration of the platform Benji with BNB Chain –A network Blockchain closely linked to Binance– will allow Franklin Templeton Offer its tokenized products, such as the Benji Fund, to a broader base of investors.

Roger Bayston, Chief of Digital Assets of Franklin Templetonstressed that the goal is “Finding investors where they are active, while continuing to expand the limits of what tokenization can offer, with regulatory security and compliance as priorities“, According to a report published Wednesday by COINDESK.

“J.UNTOS, Franklin Templeton and BNB Chain will work to offer tokenized assets with greater utility and improved functions for retail and institutional clients worldwide ”Bayston said to that news media.

Benji expands its scope of Tokenization to BNB Chain

Franklin Templeton Its Benji platform already operates in others Blockchains as Stellar, Ethereum, arbitrum and Solarium, with USD $ 467 million of its 731.8 million in total assets in Stellaras it stands out The Defiant.

The incorporation of BNB Chain It further extends its scope, taking advantage of the low and high speed infrastructure of this network to offer products with greater utility and improved characteristics for its customers. In this regard, Sarah Song, head of business development of BNB ChainHe pointed out that this network offers a unique environment for tokenization.

“BNB Chain has an ecosystem designed specifically with rapid settlement, low rates and data -compatible data tools ”Song said in statements to COINDESK. He also stressed that the decision of Franklin Templeton to expand to BNB Chain It reflects the growing institutional adoption of tokenization, moving from pilot projects to large -scale implementations.

BNB Chain It is one Blockchain layer 1 initially developed by Binancethe greatest exchange of cryptocurrencies. It is a decentralized network designed to process transactions quickly and with low costs, which makes it ideal for financial applications such as tokenization. Currently, the total value of real world assets tokenized in BNB Chain exceeds USD $ 542 million.

Franklin Templeton and Binance collaborate

Franklin Templeton has been using its platform Benji To manage funds such as “Fobxx”, its investment fund based on bonds of the United States government that has been tokenized –that is, represented in tokens in Blockchain.

This fund, which currently has a chain value of more than 730 million dollars according to data from Rwa.xyzallows investors to participate in a traditional fund, but with the advantage of operating in Blockchain 24 hours a day, 7 days a week.

The collaboration between Franklin Templeton and BNB Chain It adds to a broader trend among the large traditional asset managers, which are adopting public block chains to climb tokenized financial products.

The announcement of this expansion comes shortly after Franklin Templeton Introduct an intra -performance function for its Benji fund, allowing investors to obtain profits even in short -term holdings, remember The Defiant.

Just two weeks ago, Binance and Franklin Templeton They announced a collaboration To develop innovative financial products that connect traditional markets with the universe of cryptocurrencies, seeking to expand access to tokenized financial products for both institutional and retail investors.

BNB, the native token of BNB Chainhas experienced a rebound in recent weeks amid institutional support. It reached a maximum historical price of USD $ 1,079 on Sunday in the midst of an increase of more than 55% in the last 3 months.

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Article written with the help of AI, edited by Diariobitcoin

Edited image of Unspash

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