Canton integrates Franklin Templeton’s Benji to tap into institutional momentum

Canton Network, a public blockchain that brings institutional-scale operations to the industry via on-chain privacy, is eyeing Franklin Templeton’s traction for expansion.

Canton has integrated asset manager Franklin Templeton’s Benji platform to accelerate the adoption of tokenized investment products, according to an announcement.

The blockchain network’s expansion of Franklin Templeton’s Benji Technology Platform, which allows institutional clients access to various tokenized real-world asset products, now supports Canton, bringing regulated financial instruments to users.

Canton Network is powered by the Canton Coin (CC), which recently landed on multiple leading cryptocurrency exchanges.

What does integration mean for Canton Network?

Benji’s integration adds to the growing footprint of institutional platform support for Canton, with BitGo among the first to announce collaboration. The Goldman Sachs, Citadel and YZi Labs-backed project is also tapping into oracle network Chainlink to bring institutions onchain amid accelerated adoption of asset tokenization and decentralized finance.

According to details, the integration allows for new opportunities for Canton’s global collateral network, with fresh liquidity key to bringing traditional finance onchain. The platform can leverage Franklin Templeton’s platform for such traction while still ensuring it meets regulatory and privacy requirements that global institutions demand.

Connecting Canton’s Global Collateral Network to Benji thus brings not just liquidity to market makers and institutions, but also secure interoperability for collateralized products and solutions.

The global value of RWA assets currently onchain is over $35 billion. Ethereum, Polygon and BNB Chain have all seen notable traction in recent months.

According to RWA.xyz, the layer-1 network Canton has already seen notable growth, with isolated asset value increasing by 13% over the past month. Broadbridge DLR Asset counts repurchase agreements worth over $395 billion onchain.