Franklin Templeton CEO Criticizes Competitors' Tokenized Funds as "Lacking Substance"

According to CryptoBriefing, Franklin Templeton CEO Jenny Johnson stated at the TOKEN2049 Singapore conference that most competing tokenized funds on the market are merely "digital twins" of traditional products and do not truly leverage the efficiency advantages of blockchain. In contrast, Franklin Templeton's BENJI fund uses a public blockchain as its native ledger layer, supports per-second yield accrual, and incurs transaction costs of just $1.13 per trade, far lower than the approximately $150 typical of traditional methods.