Asset management giant Franklin Templeton announced the expansion of its proprietary Benji technology platform to the Canton Network, a private blockchain geared towards regulators. This move aims to deepen its role in the rapidly evolving market for tokenized financial products. The Benji platform supports real-time transfers of tokenized fund shares, protocol-level compliance enforcement, and allows assets to be settled in stablecoins or cash equivalents. Initially deployed on public chains such as Stellar and Polygon, this expansion marks a shift towards institutional-grade infrastructure. The Canton Network reportedly processes over $6 trillion in tokenized U.S. Treasury activity and supports $280 billion in daily repurchase transactions. Its native token, Canton Coin, initially plummeted by about 30% after its market debut on Monday, but has since recovered somewhat despite listing on several exchanges. (Decrypt)