Revolution in asset management: Franklin Templeton tokenizes US government fund for $380 million
Date: 2024-04-29 Author: Henry Casey Categories: BUSINESS
Asset management giant Franklin Templeton has introduced an innovative approach to investing by tokenizing a $380 million US government fund.
With BENJI tokens, investors can now easily gain access to assets that were previously thought out of reach, thanks to the ability to trade them on the Polygon and Stellar networks.
Benefits of Tokenization
Tokenization allows for easier transactions and more flexible asset management, giving investors the ability to directly exchange shares in a controlled blockchain environment.
Polygon's founder expressed support for this initiative, and Polygon's head of institutional equity highlighted the importance of this project amid growing interest in tokenized assets.
This move by Franklin Templeton became part of the global trend towards tokenization of assets, predicting the growth of the market capitalization of tokenized assets to $16 trillion, according to forecasts by the vice president of RippleX.
