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Franklin Templeton has connected its Benji Technology Platform to the Canton Network, a blockchain system built for financial institutions.
The Canton Network serves as a shared digital space where banks, asset managers, and other financial organizations can move and manage tokenized assets.
It supports the use of these assets as collateral or liquidity while maintaining privacy and compliance. The project has backing from institutions like HSBC and BNP Paribas.
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Benji is Franklin Templeton’s system for managing blockchain-based investment products. It supports the firm’s on-chain money market fund, where each Benji token equals a share in the fund, and ownership is recorded directly on the blockchain.
Integrating Benji with Canton allows Franklin Templeton’s tokenized assets to be used across a financial network. Institutions can treat these assets as usable collateral or liquidity sources in Canton’s Global Collateral Network.
Participants such as QCP intend to use the integration to increase liquidity options within the network.
Roger Bayston, Head of Digital Assets at Franklin Templeton, said the firm aims to meet institutions’ current and future needs. He noted that the connection with Canton offers flexibility by combining private blockchain options with transparency and security.
Bayston described the collaboration as a way to merge traditional financial discipline with the benefits of tokenized systems.
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