Franklin Templeton CEO Criticizes Rival Tokenized Fund Models At TOKEN2049
Image: Crypto.newsFranklin Templeton CEO Jenny Johnson spoke at TOKEN2049 Singapore. She argued many rival tokenized funds are digital copies of traditional products that do not use blockchain as the primary recordkeeping layer. Johnson contrasted this with Franklin Templeton's BENJI product, which keeps ownership records natively on public blockchains. BENJI transactions cost around $1.13, compared to roughly $150 for traditional fund processing. Franklin Templeton's tokenized money funds hold roughly $2.5 billion in assets.
Key points
- Franklin Templeton CEO Jenny Johnson criticized rival tokenized fund models at TOKEN2049 Singapore.
- Johnson said many rival tokenized funds are digital copies that do not use blockchain as the primary recordkeeping layer.
- Franklin Templeton's BENJI product keeps ownership records natively on public blockchains.
- BENJI transactions cost around $1.13, compared to roughly $150 for traditional fund processing.
- Franklin Templeton's tokenized money funds hold roughly $2.5 billion in assets.
Why it matters
The comments highlight a key design split in the growing tokenized fund market. BENJI's lower transaction costs and onchain recordkeeping offer an efficiency alternative to traditional fund processing.
What's unclear
The $150 traditional fund transaction cost cited by Johnson is an unverified conference figure, with no public supporting calculation or methodology released by Franklin Templeton.
478 corrupted records referenced in related coverage cannot be confirmed to affect BENJI, as Franklin Templeton is not listed among affected entries in the official post-mortem.
Sources · 2 publishers
Crypto.news
Tier 2
Franklin Templeton CEO questions how rivals tokenize funds
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by Crypto.news
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
