Franklin Templeton has expanded its Benji platform to Canton Network, a blockchain for regulated institutions.
The Benji platform handles the issuance and settlement of tokenized fund shares. It has operated since 2021 with the FOBXX fund, which holds $844 million in distributed assets. Canton Network processes $6 trillion in tokenized assets according to its estimates.
The network’s native token fell 30% after its launch, despite exchange listings and a $540 million investment. The network uses a “public-permissioned” model for institutional coordination.
Source: Franklin Templeton announcement
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