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In a groundbreaking move, Binance and Franklin Templeton have announced a strategic collaboration that aims to revolutionize the intersection of traditional finance and digital assets.
The partnership, which combines Franklin Templeton's expertise in compliant tokenisation of securities with Binance's global trading infrastructure and investor reach, seeks to deliver breakthrough products that take tokenisation from concept to practice.
Franklin Templeton, which manages US$1.6 trillion in assets, is led by Roger Bayston, Executive Vice President (EVP) and Head of Digital Assets. Bayston emphasised that these digital assets must be both accessible and reliable. He also noted that investors are increasingly curious about digital assets.
Binance, known for its record of innovating first in crypto solutions, is represented by Catherine Chen, Head of VIP and Institutional. Chen stated that the strategic collaboration furthers Binance's commitment to bridging crypto with traditional capital markets.
The new products and initiatives are designed to achieve efficiencies in settlement, collateral management, and portfolio construction at scale. The partnership also aims to improve settlement speed and yield opportunities.
The goal of the collaboration is to enhance efficiency, transparency, and accessibility in capital markets. It aims to connect the scale of traditional finance with the agility of digital markets, providing solutions for a broad range of investors.
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The solutions created by the collaboration are intended to be efficient, accessible, and scalable. The partnership reinforces their commitment to opening up greater possibilities in the intersection of traditional finance and digital assets.
