In a piece of opinion published in Fortune, Franklin Templeton CEO Jenny Johnson write That “blockchain advantage is so encouraged that we have not seen the transition to digital asset technology slow or adding,” reflecting the growing positive emotions of some traditional financial institutions towards the crypto.
“In fact, we hope our industry will change more in the next five years than in the last 50,” Johnson said. “The pressing question is whether financial institutions will choose the digital asset wave (and the interruption is with it), actively fight it or bury its head in the sand.”
https://www.youtube.com/watch?v=n4BIUYFDA5A
Johnson noted that blockchain technology and the growing cryptosphere have many benefits that traditional financial metals are struggling to match. This includes new financial options for home -owned people, integrating global markets, and, ultimately, throughput that can reach a hundred -thousands or even millions of transactions per second.
Franklin Templeton, one of the largest manager of ownership in the world included The $ 1.5 trillion property under Management (AUM), was involved in digital ownership from at least 2021 when it launched the Onchain US Government Money Fund.
The company has launched a Bitcoin (BTC) and Ether (ETH) Funds exchanged by index and brought tokenized US government currency funding funds to various blockchains, including Solana and Base. On Tuesday, this Debuted a feature yield of intraday That uses blockchain technology.
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Traditional financial institutions launch crypto products
Traditional financial institutions grew eagerly about crypto, spotting opportunities to make their clients (and themselves) money.
Blackrock, the world’s largest manager included $ 11.6 trillion AUM, launched Bitcoin and Ether Exchange-Traded Funds (ETF) and had representatives Talk to US SEC about different topics. The US spot bitcoin ETF of Blackrock, Ishares Bitcoin Trust (IBIT), is the largest in its class, contains $ 72.6 billion in net assets.
JPMorgan Chase is in crypto at least 2020 When it launched the JPM coina dollar-pegged stablecoin. On June 4, a report indicates that the institution is near Start receiving crypto ETFs as collateral for loans. On May 20, JPMorgan CEO Jamie Dimon said the clients of the company Close to buy bitcoinAlthough it does not take care of the company.
However, not everyone is pleased about The growing relationship between crypto and traditional finances. On Thursday, the outgoing leader of the financial stability of the financial Klaas knot warned that while the crypto had not, to this day, it has risked traditional finances, “we may approach a tipping point here.” According to the knot, the areas of concern include crypto ETFs and stablecoins.
Magazine: Tradfi builds Ethereum L2S to i -tacenize trillions in RWWA – within the story
