Franklin Templeton’s tokenization platform is expanding BNB Chainbrings one of the world’s largest asset managers to the blockchain created by Vinanence.
According to a press release, the assets that manage the $1.6 trillion of managed assets are $1.6 trillion in assets.
The Benji Technology Platform is used to manage stocks in the on-chain US government money fund in Franklin Templeton. This product debuted on the Layer-1 network Stars According to the Crypto Data Provider, it grew to $732 million in 2021. rwa.xyz.
The Money Market Fund, supported primarily by government securities, cash and repurchase agreements, has 938 holders across eight different blockchains. Ethereum, Solana, avalancheand Layer 2 Network base.
“Our goal is to meet more investors and active investors,” Roger Baston, head of digital assets at Franklin Templeton, said in a statement. “Together, Franklin Templeton and the BNB chain will work to provide tokenized assets with more utilities.”
Franklin Templeton and Binance I said In a joint statement earlier this week, the two are working on separate digital asset products “adjusted for a wide range of investors.” Details are scheduled for later this year.
The BNB chain debuted in 2020 as an alternative to Ethereum under the name Binance Smart Chain. It functions as a Layer-1 network and as a dovetail with OPBNB and BNB Greenfield, the Layer-2 network, the blockchain used for data storage.
According to the Crypto Data Provider, the BNB chain had $12.5 billion worth of stubcoins on Thursday and had registered 2.27 million active addresses. defill.
According to the Crypto Data Provider, BNB changed hands to around $1,015 on Wednesday Co Ringecko. The price of the asset has increased by 58% over the past year, but reached a new high of $1,079 on Sunday.
The network is attracting new attention as Aster, a decentralized exchange, challenges high lipids in terms of 24-hour permanent trading volume. Binance co-founder Changpeng Zhao has praise Recent performances as a “good start.”
