TechFlow, Nov. 12 — According to Decrypt, asset management giant Franklin Templeton announced the expansion of its proprietary Benji technology platform to the Canton Network, a private blockchain designed for regulators. This move aims to strengthen its role in the rapidly growing market for tokenized financial products.
The Benji platform enables real-time transfers of tokenized fund shares, protocol-level compliance enforcement, and settlement of assets in stablecoins or cash equivalents. Initially deployed on public blockchains such as Stellar and Polygon, this expansion marks a shift toward institutional-grade infrastructure.
Reportedly, the Canton Network handles over $6 trillion in tokenized U.S. Treasury activities and supports $280 billion in repurchase transactions daily. Its native token, Canton Coin, plunged around 30% shortly after its market debut on Monday, but has since recovered despite receiving listing support from multiple exchanges.
