blockworks.co
Binance and Franklin Templeton announced a strategic collaboration to develop new digital asset products that combine blockchain technology with traditional finance.
The initiative focuses on evaluating tokenization use cases by combining Binance’s global trading infrastructure with Franklin Templeton’s experience in regulated fund management.
Franklin Templeton manages $1.6 trillion in assets and has developed tokenized money market funds through its Benji Investments Technology Platform. Binance remains the largest cryptocurrency exchange by trading volume.
Executives from both firms said the collaboration is intended to increase efficiency in capital markets by lowering settlement costs and improving collateral management.
“We see blockchain not as a threat to legacy systems, but as an opportunity to reimagine them. By working with Binance, we can harness tokenization to bring institutional-grade solutions like our Benji Technology Platform to a wider set of investors and help bridge the worlds of traditional and decentralized finance,” said Sandy Kaul, head of innovation at Franklin Templeton.
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