Global asset manager Franklin Templeton expands its blockchain-based Benji Technology Platform onto the Canton blockchain, strengthening its role as the premier blockchain network for institutions.
https://www.canton.network/canton-network-press-releases/franklin-templetons-benji-technology-platform-expands-to-canton-networkThe firm, which manages nearly $1.7 trillion in assets, said the move is designed to give banks, market makers, and trading firms broader access to tokenized funds and digital investment products, while bridging traditional finance with digital assets.
Benji Platform and Stellar Roots
Franklin Templeton’s Benji Technology Platform is a proprietary blockchain system built to manage tokenized investments.
Sponsored
The platform launched its flagship Franklin OnChain U.S. Government Money Fund on the Stellar (XLM) blockchain in 2021, leveraging Stellar’s fast, low-cost, and compliance-friendly infrastructure. The fund was the first SEC-registered blockchain-based money market fund, marking one of the earliest real-world applications of blockchain by a traditional financial institution.
The company also filed with the SEC to use XLM for settling fund shares, further demonstrating how public blockchain networks can integrate with regulated financial products.
Canton Network Expansion
The Canton Network is a private, institution-focused blockchain built specifically for banks, financial institutions, and regulated markets.
According to the official announcement, the expansion is expected to strengthen Canton’s role as a bridge between traditional finance and digital assets, creating new liquidity opportunities for institutional participants.
The network reportedly handles over $6 trillion in tokenized U.S. Treasuries and $280 billion in daily repo transactions, highlighting its scale in institutional finance.
Market Response
Following the announcement, Stellar’s XLM dropped more than 3% to $0.285, while Canton Network’s CC token, launched in late October, is trading at $0.116, down 23% from its recent high of $0.159.
Why This Matters
Franklin Templeton’s move to Canton Network represents a significant step toward mainstream institutional adoption of blockchain, particularly for tokenized real-world assets (RWAs).
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People Also Ask:
Benji is Franklin Templeton’s proprietary blockchain platform designed to manage tokenized investments. It allows real-time, compliant transfers of fund shares, settling in cash or stablecoins.
Canton is a private, institution-focused blockchain built for banks, financial institutions, and regulated markets. It supports tokenized funds, collateral management, and high-volume transactions.
The expansion provides broader access for banks, trading firms, and market makers to tokenized funds, while strengthening Canton’s role as a bridge between traditional finance and digital assets.
