Franklin Templeton Embraces Tokenization Across Markets
From Stellar to Canton: How Franklin Templeton Adopted Tokenization
Franklin Templeton has expanded its approach to tokenization, moving from early experimentation on the Stellar blockchain to using the Canton Network for new tokenized offerings.
The shift highlights how large asset managers are testing different blockchain infrastructures as they bring traditional funds and instruments onto onchain rails. While Stellar has been a common choice for early tokenization efforts—especially for simpler issuance and transfer workflows—Canton has been positioned around permissioned, institution-focused use cases.
Why it matters: Franklin Templeton’s move underscores that tokenization is no longer being treated as a single-chain experiment. For established financial firms, the choice of network often reflects operational requirements such as privacy, compliance, identity controls, and integration with existing market infrastructure.
The broader context is a growing industry push to tokenize real-world assets, including funds and other traditional financial products. Tokenization typically aims to improve settlement speed, enable more granular ownership, and streamline recordkeeping—while still aligning with regulatory and institutional constraints.
Franklin Templeton’s adoption of Canton alongside earlier work on Stellar illustrates a pragmatic pattern emerging across the sector: institutions are exploring multiple networks to determine which technology and governance models best support regulated financial activity at scale.
