This move makes Franklin Templeton the first asset manager to bring a tokenized fund to Base.
It adds an exciting new layer to the world of finance. Let’s discover more info about Benji.
What is Benji?
Benji is Franklin Templeton’s very own system that uses blockchain technology to help keep records safe and sound. With Benji, Franklin Templeton can offer a new way of managing funds that’s both high-tech and secure. Think of Benji like a digital bank vault that keeps track of who owns what, but without any paperwork—it’s all done through the blockchain.
Base is a special kind of blockchain called a “layer 2” that’s built on top of Ethereum. Base was designed to make transactions faster, cheaper, and more secure, which is perfect for businesses and everyday users alike. By moving to Base, Franklin Templeton aims to bring down costs and improve how transactions are handled.
New chain unlocked. Benji, our proprietary blockchain-integrated recordkeeping system, is now live on @base! With this announcement, Franklin Templeton is the first asset manager to build a tokenized fund on Base.
Base is a layer 2 blockchain built on Ethereum designed to… pic.twitter.com/lRij7HchSl
— Franklin Templeton Digital Assets (@FTDA_US) October 31, 2024
Blockchain technology has opened new doors in finance, and Franklin Templeton’s move to Base with Benji could be a game-changer. It’s a step toward a future where investments are safer and more transparent, and where traditional finance and blockchain meet.
More About Benji
On October 2nd, Franklin Templeton’s BENJI officially partnered with Aptos, marking a new chapter in blockchain-driven finance. Aptos, a Layer 1 blockchain, is known for its focus on safety and scalability. This helps drive growth and adoption in decentralized ecosystems.
New chain unlocked. BENJI and @Aptos partnership is now live!
Aptos is a Layer 1 blockchain providing safety and scalability to drive growth and adoption within a decentralized ecosystem
Download the Benji app here: https://t.co/ITah6qMtns pic.twitter.com/ni5pctv5zC
— Franklin Templeton Digital Assets (@FTDA_US) October 2, 2024
Finally, with Aptos’ robust technology, the BENJI system can securely and efficiently manage records. This will pave the way for more streamlined, trustworthy digital transactions.
Disclaimer
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