Mike Reed , Head of Digital Asset Partnership Development at Franklin Templeton, made a noteworthy statement at the LONGITUDE conference in Paris: despite being a traditional financial institution with a history spanning decades, Franklin Templeton is truly building on blockchain infrastructure with a pure crypto spirit – not just wrapping traditional financial products in a digital shell.
This is a key distinction Reed wants to emphasize: instead of simply digitizing existing products, Franklin Templeton is approaching blockchain as a platform for building originality, a mindset previously seen only in crypto startups, not trillion-dollar asset management companies.
Reed also noted that the crypto industry is still in its early stages of development, but the pace of change is accelerating significantly, suggesting that the window of opportunity for traditional financial institutions to build a foothold in this field will not remain open forever.
