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Franklin Templeton, an investment firm based in the United States, is working with Binance
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.
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