Franklin Templeton Brings Its Benji Token to Canton Blockchain

Franklin Templeton has plugged its blockchain infrastructure into the bank-backed Canton Network in a bid to broaden the use of its tokenized funds by institutional investors.

Firms like Goldman Sachs Group Inc. and Tradeweb Markets Inc. are involved in Canton, which appeals as a blockchain network because it allows elements of a transaction to be kept private. With Franklin Templeton’s arrival, participants will be able to hold and trade its Benji token — digital shares of its money market fund — according to Sandy Kaul, head of innovation.