In short
- Binance, the world’s greatest crypto exchange, and Franklin Templeton, one of the world’s largest asset managers, work together to release digital asset products.
- The two did not reveal what the products would be, but that further announcements will be introduced later this year.
- They said that the products would have a ‘wide range of investors’.
Wall Street Giant Giant Franklin Templeton works together with the Digital Asset Exchange Binance to build crypto products, said the two on Wednesday in a joint explanation.
The statement did not reveal exactly what the products would be, but said that they “would be tailor -made for a wide range of investors.” The two said that they would reveal more details about the types of products later this year.
“Investors ask for digital assets to stay in front of the curve, but they must be accessible and reliable,” said EVP and head of digital assets at Franklin Templeton Roger Bayston in a statement.
“By working with Binance, we can supply breakthrough products that meet the requirements of global capital markets and the portfolios of the future.”
Binance is the world’s largest crypto exchange, so that users can buy, sell and bet on the future price of digital coins and tokens. Franklin Templeton is one of the world’s largest investment firms and manages more than $ 1.6 trillion in assets.
Binance added in a statement: “By combining the expertise of Franklin Templeton in the conforming tokenization of effects with Binance’s global trade infrastructure and investor range, we want to bring greater efficiency, transparency and accessibility into capital markets – while the returns and the settlement of the returns and the settlement of the returns are improved.”
The exchange added that the products would “bridge traditional finances and blockchain”.
Franklin Templeton was one of the controversial Wall Street companies that debuted a debut Spot Bitcoin ETF and later one Ethereum ETF Last year. The Bitcoin and Ethereum funds have generated $ 303 million and $ 61 million in net investments respectively, according to data from the British asset manager Farshes -investors.
The company first baptized its toes in the blockchain room in 2018 when it started digitizing shares For a money market fund on the great blockchain. Then, in 2021, the announced A digital assets company.
The FOBXX product is a digitized fund with which customers can place cash in American government effects, cash and repurchase agreements and are carried out on a number of top crypto networks, including Ethereum And Avalanche.
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