Franklin Templeton Launches Intraday Yield Feature on Benji Platform

Franklin Templeton, a global investment giant, has launched an innovative intraday yield feature for tokenized assets on its proprietary Benji platform. This new feature allows investors to earn yields proportional to the time they hold tokenized securities, even if those securities are transferred intraday. The platform, which is blockchain-integrated, is designed for the trading, management, and administration of token-based investments and can be utilized by banks or asset managers as white label technology to tokenize securities.

The intraday yield feature offers one-second resolution in yield calculations and distribution, enabling investors to maximize their earning potential at any time of the day. This is a significant advancement over the current industry standard, which determines share ownership and calculates yield at the end of a trading day, distributing it to investors at the end of the month. The Benji platform not only provides accounting for share transfers but also calculates the yield that investors receive each day, regardless of weekends or holidays.

Roger Bayston, Head of Digital Assets at Franklin Templeton, highlighted the advantages of blockchain technology in bringing tangible benefits to global clients and new partners. He emphasized that features like Intraday Yield, made possible by the composability of the blockchain environment, have the potential to become industry standards. This would ensure that investors facilitating transactions of any size can realize the increased benefits and utilities of blockchain operating environments.

In addition to the intraday yield feature, Franklin Templeton has introduced several other capabilities via Benji. These include wallet-to-wallet transfers, enabling peer-to-peer transfer of digital tokens via permissioned wallet addresses on supported blockchain networks. The platform also supports stablecoin on-ramps and redemption, allowing investors to use stablecoins to buy and redeem BENJI tokens. Furthermore, permissioned self-custody allows external wallets on supported blockchains to hold BENJI tokens.

Sandy Kaul, Head of Innovation at Franklin Templeton, expressed the company's vision for a blockchain-based system delivered with the trust, scale, and regulatory rigor that investors expect. This vision aligns with Franklin Templeton's commitment to leveraging blockchain technology to enhance the efficiency and transparency of financial transactions. The launch of the intraday yield feature on the Benji platform marks a significant milestone for Franklin Templeton, further solidifying its position as a leader in the digital assets space. The company's continued innovation in tokenization and blockchain technology is expected to drive market opportunities for both clients and partners, offering them new ways to maximize their investment potential.

Franklin Templeton’s move into decentralized finance (DeFi) with the introduction of Benji reflects its pioneering vision to tokenize money market instruments. These tokenized assets offer intraday yields, providing investors with more flexibility and efficiency compared to traditional investment methods. The firm’s adoption of blockchain technology underscores its recognition of the technology’s potential in reshaping financial services. The platform ensures transparency and security of transactions, two critical features in today’s financial ecosystem.

The tokenization of assets simplifies many of the complexities associated with financial transactions and fund management. It provides a streamlined, secure framework for handling large volumes of transactions while ensuring that regulatory compliance and investor protections remain front and center. Franklin Templeton’s initiative indicates a growing acceptance of DeFi and blockchain as fundamental components of financial innovation, potentially encouraging other institutions to explore similar advancements. As traditional financial entities increasingly adopt and implement technology to meet the evolving needs and expectations of modern investors, Franklin Templeton’s launch of Benji sets a new benchmark for the asset management industry.