Jenny Johnson, CEO of Franklin Templeton, discusses the transformative potential of blockchain technology in asset management during the 27th Annual Milken Institute Global Conference.
Johnson emphasises blockchain's ability to tokenise real-world assets, reduce costs, and enhance investment opportunities.
She shares insights from Franklin Templeton's experimentation with blockchain, showcasing its efficiency and cost-effectiveness compared to traditional methods.
Additionally, Johnson predicts that ETFs and mutual funds will eventually transition to blockchain, citing its benefits in data reconciliation and transaction transparency.
Franklin Templeton's innovative use of blockchain is exemplified through the Franklin OnChain US Government Money Fund (FOBXX), which utilises blockchain for transaction processing and share ownership documentation.