Franklin Templeton CEO: Blockchains Threaten Wall Street’s Fee Machine, Not Its Technology
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Franklin Templeton CEO Jenny Johnson said traditional finance resists public blockchains because they threaten fee-based revenue, as the firm expands aggressively into tokenization, bitcoin products, and on-chain finance.
Key facts
Speaking at the Proof of Talk summit in Paris, Johnson, who oversees $1.74 trillion in assets at Franklin Templeton BENJI tokens were used as part of the acquisition payment, making it one
Franklin Templeton CEO Jenny Johnson said traditional finance resists public blockchains because they threaten fee-based revenue, as the firm expands aggressively into tokenization, bitcoin products
Franklin Templeton CEO Jenny Johnson has a straightforward explanation for why major financial institutions have been slow to embrace public blockchains: the technology destroys their fee-based
Summary
Franklin Templeton CEO Jenny Johnson has a straightforward explanation for why major financial institutions have been slow to embrace public blockchains: the technology destroys their fee-based revenue streams. Speaking at the Proof of Talk summit in Paris, Johnson, who oversees $1.74 trillion in assets at Franklin Templeton BENJI tokens were used as part of the acquisition payment, making it one of the first M&A transactions structured on-chain.