Binance and Franklin Templeton Partner to Develop Digital Asset Solutions
Binance and Franklin Templeton are collaborating to develop digital asset products that connect traditional markets with cryptocurrency.
The partnership will leverage Franklin Templeton’s expertise in tokenizing securities and Binance’s trading infrastructure. Key points include:
- The focus is outside of the U.S.
- The aim is to provide efficient settlement, transparent pricing, and access to competitive yields.
- Franklin Templeton manages $1.6 trillion in assets and has developed blockchain tools like its Benji platform.
- Last year, it launched a tokenized treasury fund that can be traded on Coinbase's Base blockchain.
- Sandy Kaul from Franklin Templeton stated that blockchain presents an opportunity to innovate legacy systems.
- Binance serves over 280 million users and aims to integrate traditional capital markets with crypto.
- Specific products will be announced later this year.