Binance and Franklin Templeton partner to develop digital asset initiatives

Binance is teaming up with Franklin Templeton to co-develop digital asset solutions that connect traditional finance with decentralized markets, the companies announced Wednesday. The partnership will focus on building compliant, investor-ready products that offer competitive yields and faster settlement.

The collaboration seeks to leverage Franklin’s regulatory-grade tokenization capabilities alongside Binance’s deep liquidity and global access to digital asset markets.

Franklin’s Franklin OnChain US Government Money Fund (FOBXX), represented by BENJI shares, is one of the leading tokenized money market funds. As of September 8, FOBXX managed approximately $742 million in assets, according to data from RWA.xyz.

“As these tools and technologies evolve from the fringes to the financial mainstream, partnerships like this one will be essential to accelerating adoption,” said Sandy Kaul, EVP, Head of Innovation at Franklin Templeton. “We see blockchain not as a threat to legacy systems, but as an opportunity to reimagine them.”

Roger Bayston, EVP and Head of Digital Assets at Franklin Templeton, emphasized the practical applications:

“Investors are asking about digital assets to remain ahead of the curve, but they need to be accessible and dependable. By working with Binance, we can deliver breakthrough products that meet the requirements of global capital markets and co-create the portfolios of the future.”

Catherine Chen, Head of VIP & Institutional at Binance, said:

“Binance has a record of innovating first-in-crypto solutions that unlock access and opportunities for investors. Our strategic collaboration with Franklin Templeton to develop new products and initiatives furthers our commitment to bridge crypto with traditional capital markets and open up greater possibilities.”

The companies plan to announce additional details about the collaboration and new product launches later this year.