Binance and Franklin Templeton cooperate to create digital asset products that aim to bridge the gap between traditional markets and encryption.
The two companies will combine Franklin Templeton in the distinctive securities code with Binance trading infrastructure and the global investor base, according to Tuesday’s statement.
Both companies said that the goal is to create products that provide effective settlement, transparent prices and access to the competitive returns of a wide range of investors.
Franklin Templeton, which runs 1.6 trillion dollars in assets, develops Blockchain tools such as Benji platform for symbolic funds. Last year, the traditional financing company announced the US OCHEN money fund fund It can be traded on Blockchain Coinbase Base.
“We see Blockchain not a threat to old systems, but as an opportunity to re -conceive it,” said Sandy Cole, the company’s chief of innovation. She added that working with Binance can accelerate the adoption of symbolic assets of the institutional degree.
Binance, which serves more than 280 million users, has developed the partnership as part of its efforts to open traditional capital markets for encryption investors. “Our strategic cooperation with Franklin Templeton enhances our commitment to a coding dam with traditional markets and open greater capabilities,” said Catherine Chen, the head of institutional clients and clients in Binance.
Companies said in a press statement that specific products are expected to be revealed later this year.
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