Franklin Templeton, a leading global investment firm overseeing $1.6 trillion in assets, is set to extend its proprietary Benji Technology Platform into the BNB Chain ecosystem.
This strategic expansion aims to enhance Benji’s advanced tokenization capabilities by utilizing BNB Chain’s robust technological framework. With its scalable and cost-effective infrastructure coupled with high transaction capacity, this collaboration seeks to pioneer a new era of on-chain financial instruments.
“Our objective is to engage more investors in their preferred environments while continuously exploring the potential of tokenization with an emphasis on security and regulatory compliance,” stated Roger Bayston, Franklin Templeton’s head of digital assets, in a press release shared with CoinDesk.
Bayston further commented that Franklin Templeton and BNB Chain are committed to delivering tokenized assets offering increased utility and enhanced features for both retail and institutional clients worldwide.
The Benji Technology Platform from Franklin Templeton is an integrated solution designed for seamless 24/7 trading management of tokenized assets along with yield distribution. This capability has been demonstrated through their OnChain U.S. Government Money Fund BENJI token. Over time, the platform has expanded across various blockchains such as Stellar, Ethereum, and VeChain.
Sarah Song from BNB Chain highlighted that Benji’s integration into BNB Chain stands out due to the chain’s specialized environment tailored for tokenization purposes.
“BNB Chain provides a unique setting not found elsewhere: rapid settlement processes combined with low fees and compliant data tools within one ecosystem,” noted Sarah Song, who leads business development at BNB Chain.
Song elaborated that for institutions like Franklin Templeton it’s crucial not only about technology but also partnering with chains demonstrating substantial liquidity and widespread adoption at scale.
At present writing timeframes indicate over $542 million worth of real-world assets have been successfully tokenized on theBNB chain positioning it as eighth-largest globally according to data tracked via Dune-based systems byBNB . The global Real World Asset (RWA) market has quintupled over three years projecting estimates reaching up towards$30 trillion come2030 .
“Institutional embrace towards adoptingtokenisation transitions awayfrom pilot phases movinginto scaled deployments.Theinitial query centered aroundwhether regulatedassets could existon-chain;today ,thefocus shifts onto whichnetworks can sustain them meetinginstitutional standards.FranklinTempletons’ moveontoBNBChain affirms thistokenisationis nolonger atheorybut ratheran operationalreality -withBNBCarryingitforward.”SongexpressedtoCoinDesk.