The Canton Network said Franklin Templeton’s Benji technology platform is now available on its blockchain, expanding the asset manager’s presence in regulated digital markets and providing institutional investors with broader access to tokenized investment products.
The move connects Franklin Templeton’s blockchain infrastructure to the Canton Global Collateral Network, a distributed system designed to connect traditional finance to on-chain markets. The integration provides market makers and institutions a new source of liquidity and collateral while maintaining compliance and privacy standards, according to an emailed announcement 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 reach $2 trillion by 2028.
Franklin Templeton’s Benji platform supports its tokenization strategy, enabling the first U.S.-registered mutual fund to use blockchain for transactions and recordkeeping in 2021. Since then, the company has rolled out several tokenized products spanning retail, wealth and institutional clients.
“Our goal is to meet institutions where they are and, just as importantly, where they are headed,” Roger Bayston, head of digital assets at Franklin Templeton, said in the release. “Integrating with the Canton network provides customers with interoperability and privacy without compromising transparency or security.”
The partnership also strengthens Canton’s role in decentralized institutional finance (DeFi), particularly through its global collateral network. Singapore-based trading company QCP plans to leverage the platform for liquidity, the statement said.
Canton Network, developed by Digital Asset and backed by companies including Goldman Sachs (GS), BNP Paribas (BNP), and Broadridge (BR), aims to create permissioned blockchain infrastructure connecting traditional and digital markets. The addition of Franklin Templeton’s technology brings a new layer of tokenized financial products to its expanding institutional ecosystem.
Learn more: Canton Network Activity Increases as Exchanges Join Validators: Copper Research
