- Franklin Templeton has partnered with Singapore-based DigiFT to distribute its BENJI tokenized funds across Asia.
- The BENJI platform, with a market cap exceeding $800 million, is Franklin Templeton’s anchor blockchain offering.
- Tokenized funds feature intraday yield calculated at one-second resolution and are transferable around the clock.
- The funds are being positioned for treasury management and as off-exchange collateral.
Global asset manager Franklin Templeton has partnered with Singapore-based DigiFT to distribute its tokenized money market funds to accredited and institutional investors across Asia. This strategic move leverages DigiFT‘s status as a licensed entity, holding Capital Markets Services and Recognised Market Operator licenses from the Monetary Authority of Singapore (MAS). The partnership aims to broaden access to Franklin Templeton’s flagship blockchain product.
The BENJI platform, Franklin Templeton’s anchor blockchain offering, boasts a market capitalization exceeding $800 million. The asset manager launched its first blockchain-based mutual fund in 2021 and has since expanded issuance across multiple jurisdictions. Consequently, its tokenized funds are now available in the US, Luxembourg, Hong Kong and Singapore.
DigiFT will serve as a distribution partner for these innovative funds. The products feature an intraday yield mechanism that calculates accrual at one-second resolution. Meanwhile, the tokens are transferable around the clock between permissioned wallets with near instant on-chain settlement.
Franklin Templeton is positioning the product for treasury management and as off-exchange collateral. The firm’s collaboration with a licensed platform like DigiFT signals a continued push into regulated digital asset markets. This development follows the firm’s earlier pioneering steps in tokenizing traditional financial instruments.
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