What happened?
Franklin Templeton, a global investment company, launched a new feature called Intraday Yield on its Benji Technology Platform. This innovative feature allows investors to calculate and receive yield from tokenized securities in real-time, even if the security is traded during the day. This advancement aims to maximize earning potential by allowing investments around the clock.
Who does this affect?
The introduction of Intraday Yield impacts both retail and institutional investors who utilize Franklin Templeton’s Benji Technology Platform. This includes banks, asset managers, hedge funds, corporate treasurers managing reserves, and venture capital firms looking for advanced funding tools. The feature benefits anyone involved in trading or managing token-based investments.
Why does this matter?
This development is significant for the market as it introduces a novel way of calculating and distributing yield, setting a potential new industry standard in blockchain-based investments. The ability to realize yield in real-time could attract more investors to tokenized markets, enhancing liquidity and accelerating the adoption of blockchain technology in traditional financial systems. As tokenized investments become more mainstream, this could lead to increased transparency and efficiency in the financial markets.