Franklin Templeton has expanded its tokenization and investor platform Benji to the Canton Network, marking another step in the growth of institutional blockchain infrastructure for tokenized investment products.
This integration, announced on Wednesday (May 14), connects Franklin Templeton's proprietary Benji technology platform to Canton—a blockchain network designed specifically for regulated financial institutions. This move allows Benji's tokenized assets, including its on-chain U.S. government money market fund, to be used as collateral and liquidity within Canton's global collateral network.
Each Benji token represents a share of Franklin Templeton's tokenized money market fund, with earnings calculated daily and ownership recorded on-chain.
The collaboration aims to connect regulated tokenized investment products with the institutional digital asset market, as more traditional financial institutions explore blockchain applications under clearer regulatory frameworks.
Canton's global collateral network connects banks, market makers, and asset management companies, allowing them to tokenize assets and mobilize them for collateral management and settlement.
The network's institutional focus has attracted major supporters, including HSBC and BNP Paribas. Its developer, Digital Asset, recently raised $135 million to expand Canton's infrastructure and ecosystem.
By joining Canton, Franklin Templeton adds regulated on-chain investment products to the growing list of tokenized tools on the network, further bridging the gap between traditional finance and the digital asset market.
Franklin Templeton is one of the major financial institutions increasingly turning to the tokenization of real-world assets (RWA)—Hashgraph CEO Eric Piscini believes this shift is partly due to "the rules of the major markets becoming clearer."
Piscini pointed to BlackRock's tokenized fund plans, Citi's exploration of digital asset custody, and Franklin Templeton's Benji platform as examples of traditional finance embracing blockchain-based infrastructure.
Supporters argue that trillions of dollars in RWA could eventually move on-chain, citing reasons such as faster settlement, greater transparency, lower operational costs, and enhanced liquidity. However, as Pharos CEO Alex Zhang noted in a recent Cointelegraph column, building a compliant and interoperable foundation for tokenized finance takes time.
According to industry data, the total value of tokenized real-world assets, excluding stablecoins, has surged to approximately $36.6 billion. Institutional funds account for about $3 billion of this, while tokenized U.S. Treasury bonds make up around $8.4 billion.
Related: JPMorgan (JPM) launches JPM Coin deposit tokens on Base for instant payments
Original article: “Franklin Templeton Expands Tokenization Platform Benji to Canton Network”
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