Binance and Franklin Templeton announced a strategic collaboration to develop new digital asset products that combine blockchain technology with traditional finance.

The initiative focuses on evaluating tokenization use cases by combining Binance’s global trading infrastructure with Franklin Templeton’s experience in regulated fund management.

Franklin Templeton manages $1.6 trillion in assets and has developed tokenized money market funds through its Benji Investments Technology Platform. Binance remains the largest cryptocurrency exchange by trading volume.

Executives from both firms said the collaboration is intended to increase efficiency in capital markets by lowering…

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