Franklin Templeton expands tokenization platform Benji to Canton Network, connecting tokenized assets like its US government money market fund to Canton’s Global Collateral Network for collateral and liquidity. The collaboration aims to bridge traditional finance with digital-asset markets through regulated tokenized investment products.

Canton’s Global Collateral Network facilitates tokenization and mobilization of assets for collateral management and settlement, attracting backers like HSBC and BNP Paribas. Franklin Templeton’s integration adds regulated, onchain investment products to Canton, further blending traditional finance with digital-asset markets.

Financial institutions increasingly embrace tokenization of real-world assets (RWAs), with trillions of dollars potentially moving onchain for benefits like faster settlement, transparency, lower costs, and liquidity. The total value of tokenized RWAs, excluding stablecoins, has reached $36.6 billion, with institutional funds totaling about $3 billion and tokenized US Treasurys at $8.4 billion.

Read more at CoinTelegraph: Franklin Templeton Connects Benji Platform to Canton