Odaily Odaily that asset management giant Franklin Templeton has announced the expansion of its proprietary Benji technology platform to the Canton Network, a private blockchain geared towards regulators. This move aims to deepen its role in the rapidly evolving market of tokenized financial products.
The Benji platform supports real-time transfers of tokenized fund shares, protocol-level compliant execution, and allows assets to be settled in stablecoins or cash equivalents. Initially deployed on public chains such as Stellar and Polygon, this expansion marks a shift towards institutional-grade infrastructure.
The Canton network reportedly processes over $6 trillion in tokenized U.S. Treasury securities and supports $280 billion in daily buyback transactions. Its native token, Canton Coin, initially plummeted by about 30% after its market debut on Monday, but has since recovered somewhat despite being listed on several exchanges. (Decrypt)
