Search Results for: Franklin Templeton

Franklin Templeton’s OnChain US Government Money Fund recorded transactions on a public blockchain, aiming to unlock efficiency gains and potential lower fees in mutual funds. Blockchain technology is set to transform capital markets and tokenization, offering various opportunities such as driving efficiencies and improving investor access.

Franklin Templeton, a global asset management giant with $1.4 trillion in assets, is expanding its portfolio with a second blockchain fund, Blockchain Fund II. The fund aims to attract investors seeking exposure to disruptive technology within the growing blockchain and digital assets market, showcasing the increasing interest of traditional finance institutions in the potential of this sector for innovation and mainstream adoption.

“Tokenization, referring to the conversion of asset ownership rights into digital tokens on a blockchain, is revolutionizing securitization according to Jenny Johnson, CEO of Franklin Templeton. It opens up new possibilities for alternative investment vehicles with its incorporation of a payment mechanism, programmable smart contracts, and a source of truth embedded in a decentralized ledger.”

“CEO of Franklin Templeton, Jenny Jones, questioned whether the essence of a technologically progressive society lies in the currency – bitcoin, or the underlying database technology – blockchain. This highlights deep-seated issues about the importance of economic benefits provided by bitcoin, or the transactions facilitated by blockchain technology.”

Ondo Finance, an asset tokenization platform, is extending operations to the Polygon network. This expansion aims to meet increasing demand for tokenized financial instruments like US Treasuries, given their higher yields compared to decentralized finance markets. Ondo’s tokenized US government bond and intended yield-generating stablecoin will port to the Polygon network, a move mirroring asset management giant Franklin Templeton’s strategy.

Tokenization of financial securities on the blockchain is gaining momentum, with a market cap of over $220 million. Firms like Matrixport, Backed Finance, Ondo, and Franklin Templeton create tokenized government bonds and ETFs, predominantly on Ethereum. This trend enables new opportunities, improved lending efficiency, and promises innovation in finance; however, it requires a supportive regulatory landscape to reach its potential.

“Tokenization, the process of translating ownership rights of assets into digital tokens on a blockchain, is revolutionizing traditional finance by streamlining payment mechanisms, creating programmable smart contracts, and ensuring secure, transparent ledgers. This conversion into non-fungible tokens (NFTs) promises simplified, optimized payments for artists, content creators, and sports personalities.”

“Boerse Stuttgart Digital, an arm of Stuttgart Stock Exchange, plans to launch an insured cryptocurrency staking service, addressing risk mitigation for potential investors. This development symbolizes the merging of traditional financial services and digital assets, potentially leading to a future where both integrate seamlessly.”

Mirae Asset Securities collaborates with Polygon Labs to facilitate tokenization and Web3 integration with traditional finance. This alliance aims to create an infrastructure for issuing and transacting tokenized securities – translating tangible assets into blockchain-backed cryptographic tokens. The partnership anticipates reshaping capital markets by eliminating intermediaries, promising a more efficient, transparent, and inclusive global financial system.

“Mirae Asset Securities partners with Polygon Labs to promote Web3 tech adoption via tokenizing finance. The partnership seeks to overcome challenges such as steep learning curves and global regulatory disparities. The Mirae-led initiatives aim to foster interoperability between financial systems and propose a forward-thinking approach to digital finance.”

“Blockchain is steering a ‘digital sovereignty’ revolution through the principle of decentralization and Web3. It aims to disrupt conventional infrastructure and restore trust in traditional institutions by combating grave cybersecurity threats and enabling control over personal data. Moreover, blockchain products like cryptocurrency and tokenization could potentially transform our digital interactions and transaction methods.”

Crypto investment platform Finblox enters the tokenized U.S. Treasury bills market, aiming to position itself as a “crypto superapp” offering various financial services. The flourishing $500 million asset class allows investors to allocate stablecoins in short-term government bonds for safer returns.