Franklin Templeton has introduced a blockchain-based feature that calculates and distributes investment yield proportionally by the second when tokenized securities change hands.
Franklin Templeton Debuts Second-by-Second 'Intraday Yield' on Blockchain Platform
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Franklin Templeton Aims to Set New Standard With Blockchain-Powered Intraday Yield
Global investment manager Franklin Templeton has launched a patent-pending “Intraday Yield” feature on its Benji Technology Platform, enabling proportional yield calculation and distribution down to the second for tokenized securities. This innovation, the company shared with Bitcoin.com News via a press release, significantly advances the precision of investor compensation when assets change hands.
The blockchain-integrated Benji Platform now allows yield-bearing tokenized assets to accrue and distribute earnings proportionally for the exact duration an investor holds them, even during intraday transfers. The announcement highlights that this means an investor selling a security partway through the day still earns yield for their precise holding period.
Franklin Templeton further noted that the system also enables daily yield payouts, including weekends and holidays, moving beyond the industry standard of end-of-day ownership determination and monthly distributions. Roger Bayston, the head of digital assets at Franklin Templeton, stated the feature exemplifies the firm’s commitment to leveraging blockchain’s tangible advantages.
“We believe features that are possible due to the composability of the blockchain environment, like Intraday Yield, have the potential to become an industry standard, ensuring that investors facilitating transactions of any size can realize the increased benefits and utilities of blockchain operating environments,” Bayston remarked.
The Franklin Templeton exec also emphasized the benefits of transactions of any size. The firm has invested in proprietary blockchain technology since 2017. The Benji Technology Platform, Franklin Templeton’s proprietary blockchain stack, facilitates the trading, management, and administration of token-based investments.
The institution said that it serves as a white-label solution for institutions or powers Franklin Templeton’s own tokenized money market funds. The platform underpinned the world’s first U.S.-registered blockchain mutual fund in 2021, the first tokenized UCITS fund in Luxembourg in 2024, and a planned retail tokenized fund in Singapore.
The investment manager’s tokenized U.S. Treasury fund also known as the Franklin Onchain U.S. Government Money Fund or BENJI is currently the second largest with $750 million, below Blackrock’s BUIDL fund.
