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The world’s largest crypto exchange platform by volume is announcing a partnership with financial services giant Franklin Templeton as a means of bringing crypto assets to the world of traditional finance (TradFi).
In a new blog post, Binance says it’s collaborating with the asset management firm to bridge the gap between blockchain technology and traditional finance by leveraging Binance’s global crypto trading infrastructure and Franklin Templeton’s expertise in tokenization.
“By pairing Franklin Templeton’s expertise in compliant tokenization of securities with Binance’s global trading infrastructure and investor reach, we aim to bring greater efficiency, transparency, and accessibility to capital markets – while enhancing yield opportunities and settlement speed.
This collaboration bridges the scale of traditional finance with the agility of decentralized markets, delivering solutions tailored to the evolving needs of a broad range of investors.”
Sandy Kaul, executive vice president and head of innovation at Franklin Templeton, says that the partnership will accelerate blockchain adoption rather than serve as competition.
“We see blockchain not as a threat to legacy systems, but as an opportunity to reimagine them. By working with Binance, we can harness tokenization to bring institutional-grade solutions like our Benji Technology Platform to a wider set of investors and help bridge the worlds of traditional and decentralized finance.”
Binance says the collaboration will combine the large scale of traditional finance and the quickness of decentralized finance, together creating global opportunities for investors.
As stated by Catherine Chen, Binance’s head of VIP and institutions,
“Our strategic collaboration with Franklin Templeton to develop new products and initiatives furthers our commitment to bridge crypto with traditional capital markets and open up greater possibilities.”
