Heavyweight asset manager Franklin Templeton on Tuesdaylaunchedan intraday yield feature for tokenized assets on its Benji platform
The new yield feature enables investors to accrue yield proportional to the exact time they hold a tokenized security — down to the second — even if the asset is transferred before the day’s end.
It also allows yield to be earned on non-banking days, including weekends and holidays, addressing what Franklin Templeton described as a “century-old inefficiency” in traditional finance, in which yield is typically calculated only at the end of the trading day and distributed monthly.
This story is an excerpt from the Unchained Daily newsletter.
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Built with blockchain-integrated infrastructure, Benji supports the trading, management, and administration of token-based investments
Demand for tokenized assets has been growing rapidly, with their onchain market capitalization rising nearly 47% so far this year to more than $23 billion.
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Franklin Templeton Unveils Second-by-Second Yield on Benji - Unchained
Heavyweight asset manager Franklin Templeton on Tuesday launched an intraday yield feature for tokenized assets on its Benji platform
The new yield feature enables investors to accrue yield proportional to the exact time they hold a tokenized security — down to the second — even if the asset is transferred before the day’s end.
It also allows yield to be earned on non-banking days, including weekends and holidays, addressing what Franklin Templeton described as a “century-old inefficiency” in traditional finance, in which yield is typically calculated only at the end of the trading day and distributed monthly.
This story is an excerpt from the Unchained Daily newsletter.
Subscribe here to get these updates in your email for free
Built with blockchain-integrated infrastructure, Benji supports the trading, management, and administration of token-based investments
Demand for tokenized assets has been growing rapidly, with their onchain market capitalization rising nearly 47% so far this year to more than $23 billion.