Franklin Templeton is working with DigiFT to widen institutional access to its Benji tokenisation platform in Asia.
The partnership will make Franklin Templeton’s Benji Technology Platform and related tokenisation products available to accredited and institutional investors through DigiFT.
DigiFT will serve as a key distributor across Asia, with both companies expected to expand the partnership over time.
The Benji Technology Platform supports tokenised U.S. government securities strategies with continuous yield accrual, including intraday accrual through Franklin Templeton’s patent-pending Intraday Yield mechanism.
It also supports 24/7 transfers between permissioned wallets and near-instant on-chain settlement, which could be used for treasury management, payments, settlement and off-exchange collateral.
Henry Zhang, Founder and Group CEO of DigiFT, said,
“DigiFT was built with a specific conviction: that institutional investors deserve access to the world’s best on-chain financial instruments, through a platform that meets the regulatory standard they require.
The partnership with Franklin Templeton reflects that conviction and marks the beginning of a long-term strategic collaboration to bring tokenised solutions to market.”
Chetan Karkhanis, SVP, Digital Asset Partnership Development at Franklin Templeton, said,
“DigiFT’s leadership and innovative edge, together with the institutional infrastructure they have built, provides a strong foundation for this partnership.
This marks the beginning of what we expect to be an expanding and enduring collaboration.”
The Singapore-based digital asset exchange holds Capital Markets Services and Recognised Market Operator licences from the Monetary Authority of Singapore.
It also holds Type 1 and Type 4 licences from Hong Kong’s Securities and Futures Commission.
Franklin Templeton launched the first U.S.-registered mutual fund to use a public blockchain for transaction processing and share ownership records in 2021.
Featured image: (From left) Henry Zhang, Founder and Group CEO at DigiFT and Chetan Karkhanis, SVP Digital Asset Partnership Development at Franklin Templeton