Franklin Templeton, the US financial giant that manages 1.6 billion dollars in assets, is expanding its Benji platform to the BNB Smart Chain, the network created by Binance.
Benji is a technological platform that facilitates the management and negotiation of tokenized assets 24/7including the distribution of yields through the Token Benji of the Ochain Fund Us Government Money Fund (Fobxx).
Each background action is represented by a Benji Token, which is part of the Patent Registration System of Franklin Templeton, integrated directly into several networks such as Stellar, Ethereum and Vechain, to guarantee transparency and traceability in all transactions.
With the integration of BNB Smart Chain, Franklin Templeton seeks to expand Access to your tokenized productsboth for institutional investors and retailers.
The announcement occurs two weeks after Binance and Franklin Templeton formalized their alliance. As cryptootics has reported, the objective of this association is to develop new investment products that offer “agile liquidation, clear prices and access to competitive yields for a wide range of investors.”
This initiative promises to connect traditional finances with the advantages provided by cryptocurrency networks, such as their speed and low commissions.
Franklin Templeton landed in the real world asset tokenization sector (RWA) in 2022. In addition, The Fobxx Fund has in your handswhich occupies the third place in the tokenized treasure bond market.