Franklin Templeton Brings Regulated Tokenized Products to Canton Network
Franklin Templeton announced it has extended its Benji platform to Canton Network, enabling issuance and on‑chain settlement of regulated tokenized fund shares for institutional participants. Benji, active since 2021 with the FOBXX fund, currently supports $844 million in distributed assets and handles lifecycle functions for fund shares — issuance, transfers and settlement — now connected to Canton’s regulated infrastructure.
Canton Network markets itself as a blockchain for regulated institutions and estimates it processes roughly $6 trillion in tokenized assets, a scale that could accelerate institutional adoption and interoperability for tokenized funds. The move matters because it pairs a legacy asset manager’s regulated product flow with an infrastructure built for compliance and cross‑institution settlement, potentially improving settlement speed and widening distribution of tokenized fund products while keeping oversight in focus.