Deep Tide TechFlow News, November 12th, according to Decrypt, asset management giant Franklin Templeton announced the expansion of its proprietary Benji technology platform to the Canton network, a private blockchain aimed at regulators. This move aims to deepen its role in the rapidly growing tokenized financial products market.
The Benji platform supports real-time transfers of tokenized fund shares, protocol-level compliance enforcement, and allows assets to be settled in stablecoins or cash equivalents. The platform was 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, supporting daily repurchase transactions of $280 billion. Its native token, Canton Coin, plummeted about 30% after its market debut on Monday, despite support from multiple exchanges. It has since recovered.
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