Many friends may not yet know what Franklin Templeton's Benji technology platform is. Simply put, Benji is the infrastructure for traditional US bonds and US stocks to be "on chain". It has re established the transfer registration, share mapping, subscription and redemption, transfer restrictions, compliance whitelist, and custodial wallet system for US stocks and US bonds on the chain using a blockchain integrated technology stack. Benji is not a cryptocurrency project, but rather a traditional asset management system that combines on chain transfer agents and clearing and settlement. Through Benji, users can know that they are not buying a "RWA that issues air coins", but rather fund shares issued and managed by Franklin Templeton himself. Benji is responsible for making this "traditional share" into identifiable, traceable, and transferable digital evidence on the chain. So in human terms, Benji proves that the on chain US stocks and US bonds bought by investors on the chain or exchange are real and shared with Franklin Templeton's reserves, let alone transferable and deliverable. It can be seen as almost the same infrastructure as the New York Stock Exchange preparing to put US stocks on the chain.