Binance announced a strategic partnership with Franklin Templeton on Sept. 10 to develop digital asset initiatives that bridge traditional finance with blockchain technology.
According to the announcement, the effort will combine the asset manager’s $1.6 trillion in assets under management with the exchange’s global trading infrastructure.
The collaboration aims to deliver enhanced efficiency, transparency, and accessibility to capital markets while improving yield opportunities and settlement speeds for institutional and retail investors.
Partnership Focuses on Tokenization at Scale
The announcement noted that Franklin Templeton brings extensive experience in compliant securities tokenization to the partnership, while Binance contributes with its global trading infrastructure and investor reach.
The alliance targeted the creation of breakthrough products meeting global capital market requirements.
Roger Bayston, executive vice president and head of digital assets at Franklin Templeton, emphasized growing investor curiosity about digital assets.
He stated that the partnership would “deliver breakthrough products that meet the requirements of global capital markets and co-create the portfolios of the future.”
Bayston highlighted the collaboration’s focus on moving tokenization “from concept to practice for clients to achieve efficiencies in settlement, collateral management, and portfolio construction at scale.”
RWA Market Posts Explosive Growth
The partnership materialized during a period of rapid expansion in real-world asset (RWA) tokenization.
According to RWA.xyz data, the RWA market excluding private credit and stablecoins grew 107% in 2025, jumping from $5.95 billion to $12.35 billion.
In this sector, tokenized US Treasuries offer compelling yield advantages over traditional government securities.
Tokenized Treasury yields average 4.12% to maturity, exceeding yields across multiple traditional Treasury maturities, including 3-month (4.03%), 6-month (3.85%), and 12-month (3.64%) instruments.
Franklin Templeton already demonstrated success in the tokenized fund space through its Franklin OnChain U.S. Government Money Fund (BENJI), which grew 32.8% in 2025 to reach $742 million in market capitalization.
Blockchain Integration Drives Financial Innovation
Sandy Kaul, executive vice president and head of innovation at Franklin Templeton, positioned blockchain technology as an opportunity to reimagine legacy financial systems rather than replace them.
She noted that collaborations with partners like Binance would accelerate the mainstream adoption of blockchain.
Kaul explained the partnership’s potential to bring institutional-grade solutions, such as Franklin Templeton’s Benji Technology Platform, to broader investor bases while bridging the traditional and decentralized finance ecosystems.
Catherine Chen, head of VIP & institutional at Binance, emphasized the exchange’s commitment to developing first-in-crypto solutions that unlock access and opportunities for investors.
She described the Franklin Templeton collaboration as furthering Binance’s mission to bridge cryptocurrency with traditional capital markets.
Stablecoin Growth Expands RWA Ecosystem
Including stablecoins, the broader RWA market demonstrated exponential growth with stablecoin supply surpassing $284 billion in size, representing 6% growth over the previous 30 days.
This expansion provided additional attention for tokenized asset settlement and trading.
Amid this backdrop, the partnership positions both firms to capitalize on institutional trillion-dollar predictions for massive RWA market growth.
Major financial institutions projected the tokenized asset market could reach between $10-16 trillion by 2030, with Boston Consulting Group estimating $16 trillion and 21Shares forecasting $3.5-10 trillion scenarios.
Security Token Market’s recent analysis suggested the RWA sector could achieve $30 trillion by 2030, driven by institutional adoption and regulatory clarity.
McKinsey provided more conservative estimates of $2-4 trillion, while Standard Chartered projected $30 trillion by 2034.
Strategic Alliance Targets Market Efficiency
The Binance-Franklin Templeton partnership represents a convergence of traditional asset management expertise with cryptocurrency trading infrastructure.
Both firms emphasized the collaboration’s potential to enhance market efficiency, reduce settlement times, and expand access to tokenized securities.
The alliance emerged as major financial institutions, including BlackRock, JPMorgan, and Goldman Sachs, accelerated their own tokenization initiatives, signaling broader industry momentum toward blockchain-based financial products.
Franklin Templeton’s proven track record in tokenized fund management, combined with Binance’s global reach, positioned the partnership to capture significant market share in the rapidly expanding RWA sector.