TechFlow News, November 1 — According to Bitcoin.com News, global asset management giant Franklin Templeton announced it has deployed its blockchain accounting system Benji on Base, the Ethereum Layer 2 network incubated by Coinbase. This makes Franklin Templeton the first major asset manager to build tokenized funds on this network.
Base is an Ethereum-based Layer 2 scaling solution focused on delivering low-cost, secure, and decentralized transaction services. This integration enables Franklin Templeton to issue and manage tokenized fund products on the Base network, opening new digital channels for its $1.66 trillion in assets under management.
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