Golden Finance reported that Franklin Templeton CEO Jenny Johnson criticized traditional finance for underestimating the scale of Bitcoin at the Wyoming Blockchain Symposium. She pointed out that Bitcoin processed more than $36.6 trillion in transactions in 2023, twice the amount of Mastercard and Visa combined. Johnson believes that the traditional financial sector knows almost nothing about Bitcoin and its huge transaction volume. Johnson said that she spends 30% of her time every day researching disruptive technologies, especially digital assets and artificial intelligence. She emphasized that although Mastercard and Visa are actively exploring blockchain technology, they still do not fully realize the scale of the Bitcoin ecosystem. Under Johnson's leadership, Franklin Templeton has quickly become a leader in traditional financial asset management. In 2021, the company launched the OnChain U.S. Government Money Market Fund (FOBXX), the first fund to record transactions using a public blockchain. Recently, Franklin Templeton submitted a proposal to the U.S. Securities and Exchange Commission to launch a new exchange-traded fund (EZPZ) to expose investors to a variety of digital assets, and Coinbase will be responsible for the custody of the fund.
