Binance and Franklin Templeton are joining to build digital asset products that aim to close the gap between traditional markets and cryptography.
The two companies will combine the work of Franklin Templeton to tokenize values with the commercial infrastructure of Binance and the Base of Global Investors, according to Tuesday’s statement. The tokenization efforts of two companies “are not related to the United States,” said a Binance representative by email.
The objective, both companies said, is to create products that offer efficient settlement, transparent prices and access to competitive yields for a large set of investors.
Franklin Templeton, which manages $ 1.6 billion in assets, has been developing blockchain -based tools such as its benji platform for tokenized funds. Last year, the traditional finance firm announced that its US Government Money Fund. UU. It could be quoted in the Coinbase Base Block base.
“We see Blockchain not as a threat to inherited systems, but as an opportunity to reinvent them,” said Sandy Kaul, director of innovation of the firm. He added that working with Binance could accelerate the adoption of tokenized institutional degrees.
Binance, which serves more than 280 million users, framed the association as part of its effort to open traditional capital markets to cryptographic investors. “Our strategic collaboration with Franklin Templeton promotes our commitment to unite cryptography with traditional markets and open greater possibilities,” said Catherine Chen, director of VIP and institutional clients in Binance.
Specific products are expected to be revealed at the end of this year, companies said in a press release.
