Franklin Templeton CEO: "Traditional finance accelerating digital asset transition… Major transformation within 5 years"

There are forecasts that the trend of global traditional financial institutions actively adopting digital assets and blockchain technology will accelerate even further.

According to Cointelegraph on the 13th (local time), Jenny Johnson, the CEO of Franklin Templeton, emphasized in an opinion piece for Fortune magazine, "The advantages of blockchain are extremely powerful, so the transition to digital asset technology will never be slow or gradual," adding, "The changes to the financial industry over the next five years will be greater than those of the past fifty years."

Interest in cryptocurrencies and blockchain among traditional financial institutions is growing rapidly. BlackRock, the world's largest asset management company, has launched Bitcoin (BTC) and Ethereum (ETH) ETFs, and has been actively communicating with the U.S. Securities and Exchange Commission (SEC). JPMorganChase also entered the cryptocurrency market in 2020 by launching the dollar-pegged stablecoin 'JPM Coin', and recently announced plans to allow crypto ETFs as collateral for loans.