Franklin Templeton, bless their cotton socks, has conjured up a blockchain-based doohickey that calculates and distributes investment yield faster than a greased goblin on a sugar rush. We’re talking proportionally by the second when those tokenized securities change hands. By the second, mind you! Not like those olden days when you had to wait for the tea to brew.
Franklin Templeton Aims to Set New Standard With Blockchain-Powered Intraday Yield
Global investment manager Franklin Templeton, a name that sounds suspiciously like a firm of solicitors specializing in lost causes, has launched a patent-pending “Intraday Yield” feature on its Benji Technology Platform. Yes, another platform. Because what the world really needs is more platforms. This one, apparently, enables proportional yield calculation and distribution down to the second for tokenized securities. They told TopMob about it in a press release, which is like shouting into a well and hoping someone hears you. Apparently, this significantly advances the precision of investor compensation when assets change hands. One hopes the investors appreciate the effort. 🤔
The blockchain-integrated Benji Platform (still with us?) now allows yield-bearing tokenized assets to accrue and distribute earnings proportionally for the exact duration an investor holds them, even during intraday transfers. Which, if you think about it too hard, might make your brain leak out your ears. The announcement highlights that this means an investor selling a security partway through the day still earns yield for their precise holding period. So, no more short-changing the poor souls who can’t hold onto things for more than a few hours. 😇
Franklin Templeton further noted that the system also enables daily yield payouts, including weekends and holidays. Because even money needs a holiday, apparently. This moves beyond the industry standard of end-of-day ownership determination and monthly distributions. Roger Bayston, the head of digital assets at Franklin Templeton, stated the feature exemplifies the firm’s commitment to leveraging blockchain’s tangible advantages. Tangible advantages, eh? Like being able to say you understand blockchain at a cocktail party? 🍸
“We believe features that are possible due to the composability of the blockchain environment, like Intraday Yield, have the potential to become an industry standard, ensuring that investors facilitating transactions of any size can realize the increased benefits and utilities of blockchain operating environments,” Bayston remarked. Which, translated from corporate-speak, probably means “We hope this thing catches on.”
The Franklin Templeton exec also emphasized the benefits of transactions of any size. Because every little bit helps, especially when it’s going into their pockets. The firm has invested in proprietary blockchain technology since 2017. The Benji Technology Platform, Franklin Templeton’s proprietary blockchain stack, facilitates the trading, management, and administration of token-based investments. It’s stacks all the way down, folks. 🥞
The institution said that it serves as a white-label solution for institutions or powers Franklin Templeton’s own tokenized money market funds. The platform underpinned the world’s first U.S.-registered blockchain mutual fund in 2021, the first tokenized UCITS fund in Luxembourg in 2024, and a planned retail tokenized fund in Singapore. Because if you’re going to do something, you might as well do it everywhere. 🌍
The investment manager’s tokenized U.S. Treasury fund also known as the Franklin Onchain U.S. Government Money Fund or BENJI is currently the second largest with $750 million, below Blackrock’s BUIDL fund. So, they’re number two. Which, as they say, is the first loser. 🥈
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2025-06-10 17:57