Binance and Franklin Templeton Announce Partnership
Binance, the world’s largest crypto exchange, has teamed up with $1.6 trillion asset manager Franklin Templeton to launch new digital asset products. The partnership, revealed on September 10, marks a significant collaboration between the crypto and traditional finance sectors.
Focus on Tokenization and Blockchain Efficiency
While the companies have not disclosed details about the specific products, they emphasized that the focus will be on leveraging Franklin Templeton’s expertise in compliant tokenization combined with the efficiencies of blockchain technology.
Roger Bayston, EVP and Head of Digital Assets at Franklin Templeton, highlighted growing investor demand for dependable digital assets. “By working with Binance, we can deliver breakthrough products that meet the requirements of global capital markets and co-create the portfolios of the future,” he said.
Blockchain Goes Mainstream
Sandy Kaul, EVP and Head of Innovation at Franklin Templeton, stressed that blockchain is now becoming mainstream. She noted that this collaboration will make tokenization more accessible and help bridge traditional finance with decentralized finance (DeFi).
“We see blockchain not as a threat to legacy systems, but as an opportunity to reimagine them,” Kaul said. “Our goal is to bring institutional-grade solutions like our Benji Technology Platform to more investors worldwide.”
