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Franklin Templeton Taps Binance to Tokenize Real-World Assets

Key Takeaways

  • ​Franklin Templeton and Binance are working together to bring tokenized real-world assets like stocks and bonds to more investors;
  • The project will combine Franklin’s regulatory knowledge with Binance’s global reach to simplify trading and settlement of tokenized assets;
  • Both firms aim to make blockchain tools more practical for financial markets without replacing traditional systems.

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Franklin Templeton Taps Binance to Tokenize Real-World Assets

Franklin Templeton, an investment firm based in the United States, is working with Binance $10.86B to develop blockchain-based versions of traditional financial products.

The two companies plan to combine their resources to bring tokenized assets to more investors.

Their goal is to create a system that allows digital tokens to represent real-world financial instruments, such as stocks or bonds, while also facilitating easy trading and settlement.

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Binance announced on September 10 that the project will focus on simplifying how these new types of assets are managed and exchanged.

Franklin Templeton will be responsible for ensuring these tokens follow legal requirements and function like existing financial products. Meanwhile, Binance will provide access to global users and trading infrastructure.

Roger Bayston, who leads digital asset efforts at Franklin Templeton, said the goal is to make this type of tokenized finance more practical for everyday use, especially for settling trades and building portfolios.

He also stated that partnering with Binance will enable them to create tools that meet the needs of global financial markets.

Sandy Kaul, Franklin Templeton's head of innovation, shared her view that tokenization has become more accepted in traditional finance. Rather than replacing old systems, Kaul said blockchain could help improve them.

She pointed to the firm's Benji Platform as an example of how tokenization can be used in a regulated way while still offering new benefits.

Recently, a group of international regulators and exchange associations asked the US Securities and Exchange Commission (SEC) to take a stance on tokenized stocks. What did they say? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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