Franklin Templeton Expands Benji to $6T Canton Network

Key Takeaways:

Canton Network processes over $6 trillion in tokenized assets and $280 billion in daily repo transactions, indicating significant real-world application.
Franklin Templeton's integration of its Benji tokenization stack with the Canton Network enhances connections between regulated funds, collateral networks, and on-chain settlements.
The integration signals a shift towards mainstream on-chain finance, offering a potential boost to projects focused on Bitcoin scalability, user experience in self-custody, and cross-border payments.

Notable Projects:

Bitcoin Hyper ($HYPER): Aims to improve Bitcoin's throughput via a Layer-2 solution. Currently in presale, it has achieved a milestone of $27M and offers 43% staking APY.
Best Wallet Token ($BEST): Focuses on improving user experience for multi-chain portfolios and bridging. It is part of the Best Wallet app ecosystem, raising $17M in presale.
Stellar ($XLM): Provides compliant cross-border transfers, supported by Soroban smart contracts. Its market cap exceeds $9.3B, ensuring strong liquidity and exchange listings.

Conclusion:

Franklin Templeton's move into Canton highlights the growing trend of regulated liquidity moving on-chain.
This development supports the narratives of Bitcoin scalability, improved user experience in crypto wallets, and efficient cross-border payment solutions.
Investors should consider these dynamics when evaluating opportunities in the evolving tokenized finance landscape.