Franklin Templeton Connects Conventional Finance and Blockchain through Canton Growth

Franklin Templeton, a prominent global investment manager, has extended its Benji blockchain platform to the Canton Network, a private blockchain system tailored for institutional finance, as reported by a

. This collaboration enables Franklin Templeton to provide tokenized investment products to banks, trading firms, and market makers, representing a major advancement in connecting conventional finance with blockchain solutions. Announced in November 2025, this move allows for immediate transfers of tokenized assets while upholding regulatory standards and institutional privacy, according to the .

The Benji platform, which is central to Franklin Templeton’s tokenization efforts, now facilitates the OnChain U.S. Government Money Fund (FOBXX), an $844.9 million fund that debuted in 2021 on the

blockchain, as detailed in the . By joining the Canton Network, Benji gains access to a system built for coordinated settlements across various sub-ledgers, letting institutions use tokenized assets as collateral while keeping transaction details private, as outlined in the . Sandy Kaul, who leads innovation at Franklin Templeton, pointed out that Benji’s daily yield calculations and instant collateral movement may surpass stablecoins, which generally do not distribute reserve yields to holders, according to the .

The Canton Network, created by

and backed by major players such as Goldman Sachs and BNP Paribas, operates as a hybrid "public-permissioned" blockchain. It handles more than $6 trillion in tokenized U.S. Treasury transactions and $280 billion in daily repo trades, as reported by the . Roger Bayston, Franklin Templeton’s digital assets chief, said the integration "provides the privacy and flexibility institutions require" while ensuring interoperability, according to the . The network’s Global Synchronizer technology delivers instant, confidential settlements, addressing the scalability and privacy issues that public blockchains often face, as noted in the .

This development reflects the wider trend of institutional adoption of blockchain in the financial sector. As Wall Street firms update their infrastructure amid supportive crypto regulations, Franklin Templeton’s initiative highlights the increasing importance of tokenized assets in managing collateral and optimizing liquidity. Previously, the Benji platform operated on public blockchains like Stellar and Polygon, but now focuses on permissioned networks to better serve institutional clients, as mentioned in the

.

The partnership also strengthens the Canton ecosystem, which now includes over $396 billion in real-world assets, as referenced in the

. By making Franklin Templeton’s tokenized funds available, Canton further establishes itself as a connector between traditional and decentralized finance. The network’s native token, Canton Coin, has experienced varied performance since its listings, as stated in the , but the collaboration with a $1.5 trillion asset manager demonstrates confidence in its long-term value, according to the .