Franklin Templeton expands tokenized fund platform to the Canton Network

Franklin Templeton has expanded its proprietary Benji Technology Platform to the Canton Network, a private blockchain for regulated institutions, in a move aimed at deepening its role in the rapidly changing market for tokenized financial products.

The integration will allow the $1.5 trillion asset manager to offer its tokenized funds and investment vehicles to banks, market makers and trading firms operating on Canton’s Global Collateral Network.

It aims “to provide a private blockchain option in addition to the interoperability customers expect,” said Roger Bayston, head of digital assets at Franklin Templeton, in a statement shared with Declutter.

Benji is Franklin Templeton’s blockchain-native infrastructure for issuing, recording and settling tokenized fund shares. It supports real-time transfers between approved wallets, enforces compliance at the protocol level, and allows assets to be settled in stablecoins or cash equivalents.

While Benji’s expansion into Canton was initially deployed on public chains such as Stellar, Polygon, Arbitrum, Avalanche and Aptos, it marks a shift to permissioned, purpose-built infrastructure designed for institutional-level privacy, configurability and regulatory alignment.

Benji was initially presented to the US Securities and Exchange Commission in 2019 and publicly launched in 2021 with the Franklin OnChain US Government Money Fund (FOBXX), the first SEC-registered fund to process transactions and record ownership on a public blockchain.

The product has since generated more than $844 million in distributed asset value, according… facts from RWA.xyz.

Canton Network, meanwhile, is being touted as a “publicly approved” hybrid approach to blockchain design, built for institutional coordination, according to its White paper.

While Bitcoin and Ethereum are considered permissionless – meaning anyone can join and use the network – Canton differentiates itself by syncing in parallel with other domains in its ecosystem to overcome scaling bottlenecks.

The Global Synchronizer maintains consensus among the connected sub-ledgers, enabling real-time, privacy-protecting settlement of tokenized assets without exposing counterparties’ positions.

The network reportedly processes more than $6 trillion in tokenized US Treasury activity and supports $280 billion in daily repo transactions, according to its own network. estimates. According to the report, there have been an average of 807,000 daily transactions facts at The Tie digital asset terminal.

Canton Coin, the native token of the Canton Network, powers transactions, governance and participation in the regulated blockchain.

Hours after its market debut on Monday, the token fell about 30% despite a flurry of listings on KuCoin, Bybit and MEXC, and buzzed around its tokenized treasury ecosystem following a $540 million private investment from publicly traded Tharimmune Inc.

According to CoinGecko, the token opened trading at around $0.14 with a market cap of $5 billion facts. The price has since recovered to around $0.12, with a trading volume of $54 million and a market cap of $4.3 billion.