Odaily Planet Daily News: Jenny Johnson, CEO of Franklin Templeton, said in response to the question "How do you view cryptocurrency?": "The progress of cryptocurrency should not be ignored, because real companies are built on first-level platforms such as Ethereum, Solana and Cardano, and they will compete with traditional companies. For example, today when you search on a search engine, you have all the economic benefits. If you can own your own information in the future, tokenization will allow you to do this, you can imagine. There is actually a company that will pay you in their currency when you search. As long as there is a transaction capability that can be converted into fiat currency, it has value. This may threaten some old models because it allows people to almost become part of the network. When you expand the network, you will get paid like a shareholder, which changes the relationship between asset owners and assets. "He also said: "I like blockchain technology very much because I think it will democratize many types of assets. Today, investment opportunities that small investors cannot get, blockchain will open up new investment capabilities that are not related to traditional assets and are more beneficial to our portfolios. Honestly, it will reduce business costs. I really believe that whether it is a mutual fund or ETFs, the technology that will ultimately drive them will be blockchain. You'll have atomic settlement, the moment a trade is done, dollars are exchanged, accounts are posted instantly. You can imagine, why do exchanges close at the end of the day? Because in the past, you needed to batch update computer systems at night, people needed to settle funds. Blockchain will eliminate that latency. It's a natural evolution of our business. What I'm really excited about blockchain is that I think blockchain basically does three things: a payment mechanism, smart contract capabilities, and a ledger that ensures ownership. You can be an individual investor and own a portion of the royalties of an artist's work. How exciting is that if you're a fan? Investment opportunities that are completely uncorrelated to other assets because it removes friction in transactions and opens up new investment opportunities. In addition, you'll see loyalty programs combined with equity investments, and Nike has a similar program.So your portfolio will bring other cultural loyalty rewards, which is also interesting. " (Sina Finance)
