Franklin Templeton's DeFi solution now operates on seven platforms, including Ethereum, Stellar, and Polygon, reflecting its focus on digital innovation.
The Benji tokenization project enables fund management, regulatory reporting, and seamless stablecoin exchanges with compliance-focused wallet technology.
Franklin Templeton's system modernizes traditional finance infrastructure, offering a unified, interoperable environment for streamlined investment management.
Franklin Templeton, a renowned asset management company, has extended its footprint in decentralized finance (DeFi) by launching its tokenization project, Benji, on Ethereum. This development marks the fifth platform integration for Benji in 2024, following its rollout on Aptos, Avalanche, Arbitrum, and Base. With its latest integration, Benji is now operational on seven platforms, including its earlier presences on Stellar and Polygon.
To date, the company has devoted a lot of effort toward beginning the enterprise of developing a durable DeFi solution. This is after 2017, led by Sandy Kaul who has held the position as the Head of Innovation Strategies at Franklin Templeton. As part of this solution, our wallet structures continue to abide by recognized KYC and AML standards for safe token issuance and governance.
According to Kaul, the wallet system utilizes cold storage to safeguard private keys and supports subscription and redemption services for regulated funds. Additionally, Franklin Templeton’s infrastructure streamlines tasks such as shareholder tracking, yield distribution, and corporate action management through an on-chain operational stack.
Regulatory Reporting and Stablecoin Integration
A significant feature of the updated system is its ability to issue regulatory reports and facilitate stablecoin exchanges within Franklin Templeton’s network. These stablecoins can be seamlessly integrated into money market funds, enabling clients to earn yields while benefiting from improved financial operations.
Kaul emphasized the advantages of the technology, which replaces outdated account-based systems with a unified approach to managing investor funds. This shift not only simplifies fund management but also enhances the scalability and efficiency of the company’s operations.
A New Era for Asset Management
Franklin Templeton’s innovations highlight the increasing adoption of blockchain technology in traditional financial sectors. The interoperable nature of the new wallet system allows users to leverage platform capabilities across multiple blockchain networks. This creates opportunities for streamlined investment processes and positions the firm at the forefront of integrating DeFi into conventional asset management.
