Benji | Crypto

Franklin Templeton has linked its Benji tokenization platform to the Canton Network, expanding institutional access to regulated onchain assets. Franklin Templeton has expanded its tokenization and investor platform, Benji, to the Canton Network, marking another step in the growth of institutional blockchain infrastructure for tokenized investment products. The integration, announced Wednesday, connects Franklin Templeton’s proprietary Benji Technology Platform to Canton, a blockchain network designed for regulated financial institutions. The move enables Benji’s tokenized assets, including its onchain US government money market fund, to be used as collateral and liquidity within Canton’s Global Collateral Network. Each Benji token represents a share of Franklin Templeton’s tokenized money market fund, with yields calculated intraday and ownership recorded onchain. Read more

Franklin Templeton has launched the BENJI platform on at least seven blockchains, with the fund’s largest market share on Stellar. VeChain, a layer-1 blockchain for real-world applications, is partnering with $1.5 trillion asset manager Franklin Templeton to integrate the company’s BENJI platform for enterprise payments. The move extends the reach of Franklin Templeton’s platform while providing businesses operating on VeChain another stablecoin option, according to a statement shared with Cointelegraph. Franklin Templeton’s BENJI platform permits tokenized access to the company’s Franklin Templeton OnChain U.S. Government Money Fund (FOBXX), an onchain US government money fund worth about $780 million. The fund invests in cash, government securities and collateralized repurchase agreements. One BENJI token is equivalent to one share in the fund, which the company tries to peg to $1. Read more

Yield for assets is often calculated over at least one-day periods, a problem that blockchain composability could address, according to the asset manager. Franklin Templeton, an investment management company with $1.53 trillion in assets under management, has debuted a feature that offers investors yield down to the second when holding tokenized assets. According to a Tuesday announcement, the “Intraday Yield” feature will allow investors to accrue yield proportional to the time they hold a tokenized security, even if it’s transferred before the day’s end. In addition, investors can earn yield on non-banking days, including holidays and weekends. The feature will be integrated into Franklin Templeton’s tokenization platform Benji. The company said it can potentially improve the crypto industry’s current model of calculating yield over a longer period. Read more

Franklin Templeton reveals its novel Intraday Yield to enable proportional calculation and distribution of yield when a tokenized security is transferred between users. The post Investment Giant Franklin Templeton Reveals Novel Real-Time Yield Feature on Benji appeared first on Cryptonews.