CEO Jenny Johnson Forecasts Blockchain Revolution in ETFs and Mutual Funds: Franklin Templeton (NYSE: BEN) Embraces Crypto

  • Franklin Templeton CEO, Jenny Johnson, recently highlighted the potential of blockchain technology and AI in transforming the financial sector.
  • Johnson envisions a future where all ETFs and mutual funds could operate on blockchain platforms.
  • She also discussed the potential of tokenization and the role of AI in finance, while also sharing insights into Franklin Templeton’s blockchain and AI initiatives.

Franklin Templeton CEO, Jenny Johnson, discusses the transformative potential of blockchain technology and AI in the financial sector, predicting a future where all ETFs and mutual funds could operate on blockchain platforms.

Blockchain Technology: A Game Changer in Finance

During the 27th Annual Milken Institute Global Conference, Jenny Johnson, CEO of Franklin Templeton, highlighted the transformative potential of blockchain technology in the financial sector. She shared insights from a recent experiment where the firm processed account records using traditional methods and blockchain technology. The latter proved to be significantly more cost-effective, reinforcing Johnson’s belief in the technology’s capacity to streamline financial processes.

Tokenization and the Democratization of Financial Markets

Johnson also discussed the potential of tokenization, citing the example of pop icon Rihanna, who released non-fungible tokens (NFTs) offering a small percentage of royalties from one of her songs through a smart contract. This move exemplifies the innovative ways blockchain can facilitate new investment opportunities and democratize access to financial markets.

The Role of AI in Finance

Johnson addressed the role of generative AI in finance, acknowledging its benefits but also cautioning about its limitations. Despite these challenges, Franklin Templeton is actively incorporating AI technologies, including a collaboration with Microsoft to develop an AI-driven sales assistant.

Conclusion

Johnson’s insights underscore the transformative potential of blockchain technology and AI in the financial sector. With initiatives like the development of a tokenized money-market fund and a blockchain-based shareholder recordkeeping system, Franklin Templeton is at the forefront of leveraging these technologies to enhance efficiency and democratize access to financial markets.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Ethereum Liquidation Alert: $541M Long at $4,600 vs $879M Short at $4,750 on Major CEXs (Coinglass)

COINOTAG reported on September 14, citing Coinglass data that...

ETH Sees $15.29M in 1-Hour Liquidations as Global Crypto Liquidations Hit $296M

According to coinglass data, in the past hour UNI...

Bitcoin Liquidations: Drop Below $114K Could Trigger $687M in Longs — Break Above $117K Might Unleash $494M in Shorts

COINOTAG News (Sept 14) cites Coinglass data indicating that...

Pump.fun Captures 84.1% of Solana Launchpad Market Share — Jupiter Data (Sept 14, BlockBeats)

On September 14, COINOTAG referenced the Jupiter Data Dashboard,...

Bitcoin Drives Sentiment Shift: Fear & Greed Index Rises to 55, Crypto Returns to ‘Greed’ (Sept 14)

COINOTAG News reports that, per Alternative Data, the Fear...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img