Franklin Templeton CEO says rival tokenized funds miss the point of blockchain
- —Johnson said rivals issue digital copies of funds without using blockchain efficiencies
- —BENJI keeps records natively on public chains rather than mirroring a traditional system
- —BENJI transaction cost is $1.13 versus roughly $150 under traditional methods
- —Franklin Templeton's tokenized money funds total an estimated $2.5 billion
Why it matters: The debate over native versus wrapped tokenized funds sets standards and cost benchmarks for institutional tokenization.
Source: Crypto Briefing