S Token

Franklin Templeton launches tokenized asset "Intraday Returns" feature on the Benji platform

ChainCatcher news, according to Decrypt, Franklin Templeton's digital assets division announced the launch of the patented feature "Intraday Earnings" on its tokenized asset platform Benji, allowing investors to earn real-time calculated returns by holding tokenized securities for just a few seconds. This feature is initially deployed on the Stellar blockchain and will be expanded to Ethereum and seven other supported networks in the future.The new mechanism breaks the traditional financial model of daily settlement of earnings, enabling daily earnings calculation and distribution even on non-trading days. The platform also opens up a direct connection feature for on-chain wallets, allowing users to purchase or redeem tokenized securities directly using stablecoins.Currently, the total issuance of BENJI tokens reaches $775 million, with $490 million deployed on the Stellar network. According to rwa.xyz data, Franklin's tokenized fund FOBXX ranks second in the industry, following BlackRock's $2.9 billion BUIDL fund. Standard Chartered predicts that the global tokenized asset scale could reach $30 trillion by 2030.The institution revealed that the Benji platform has the capability of a "white-label solution," providing tokenization technology services to other institutions. The U.S. Congress is currently reviewing a cryptocurrency regulation bill, which, if passed, will pave the way for traditional financial institutions to enter the market.
ChainCatcher Building the Web3 world with innovators