Franklin Templeton expands the Benji tokenization platform to the Canton network

Odaily Planet Daily reports that 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. According to reports, the Canton network processes over $6 trillion in tokenized U.S. Treasury activities, supporting $280 billion in daily repurchase transactions. Its native token, Canton Coin, plummeted about 30% after its market debut on Monday, despite support from multiple exchanges; it has since rebounded. (Decrypt)