Binance Crypto Exchange Teams Up With Franklin Templeton To Build Digital Asset Products

Binance crypto exchange and Franklin Templeton (BEN) are reportedly teaming up to build digital asset products that aim to bridge the gap between traditional markets and cryptocurrencies.

Franklin Templeton’s stock edged 0.18% higher in morning trade, with retail sentiment on Stocktwits trending in ‘neutral’ territory. BNB, the native the native utility token of the Binance crypto exchange, was also up in morning trade after CEA Industries (BNC) announced that it had acquired an additional 30,000 BNB tokens for its treasury for $26 million. BNB’s price was up nearly 3% in the last 24 hours, with retail sentiment trending in the ‘bearish’ zone.

The partnership will combine Franklin Templeton’s expertise in tokenizing securities with Binance’s global trading infrastructure and extensive investor base. The companies stated that their goal is to launch products that offer faster settlement, transparent pricing, and access to competitive yields for a broad range of investors. The collaboration signals a push by Binance crypto exchange to further integrate with traditional financial institutions and expand its offerings beyond standard crypto trading.

Sandy Kaul, Franklin Templeton’s head of innovation, said partnerships like the one with Binance are crucial for accelerating blockchain adoption. “We see blockchain not as a threat to legacy systems, but as an opportunity to reimagine them,” she said.

Franklin Templeton, which manages $1.6 trillion in assets, has been developing blockchain-based tools such as its Benji platform for tokenized funds. Last year, the firm also announced that its OnChain U.S. Government Money Market Fund could be traded on Coinbase’s Base blockchain.

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