Binance, the world’s biggest crypto exchange, is teaming up with Franklin Templeton, a $1.6 trillion global asset manager, to create tokenized assets. The announcement came Wednesday.
According to the press release, the goal is to make investing faster, easier, and more open while staying within market rules. By combining Franklin Templeton’s experience with regulated securities and Binance’s global reach, they hope to turn tokenization into practical products for investors.
Sandy Kaul, Franklin Templeton’s EVP and head of innovation, said the partnership will help investors get faster settlement, better liquidity, and improved returns.
“As these tools and technologies evolve from the fringes to the financial mainstream, partnerships like this one will be essential to accelerating adoption,” Kaul said. She added that blockchain is a chance to improve traditional finance and bring advanced solutions to more people.
Roger Bayston, EVP and head of digital assets at Franklin Templeton, explained that tokenization can make settlement, collateral, and portfolio management more efficient. He said the collaboration will allow clients to use new technology while keeping within global market standards.
Binance sees this as a way to connect crypto with traditional finance. Catherine Chen, head of VIP and institutional at Binance, said the goal is to open new opportunities and make digital assets easier to use for everyone.
The companies did not share details on the terms, products, or launch dates, however, they said offerings will follow local rules and be announced later this year.
Franklin Templeton has been an early tokenization adopter, launching its money market fund BENJI on Stellar in 2021, which later expanded to Ethereum, Solana, and other networks. Binance has a record of creating new crypto solutions and giving investors global access.
This move comes as U.S. regulators explore rules for tokenized securities. Just recently, Nasdaq requested that the SEC allow trading of tokenized assets alongside traditional stocks. The partnership shows how blockchain and traditional finance can work together to give investors new ways to access markets safely.
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