Binance Signs Strategic Partnership with Franklin Templeton

The global virtual asset (cryptocurrency) exchange Binance has entered a strategic partnership with asset manager Franklin Templeton.

On the 10th (local time), Binance said in a press release, "Through cooperation with Franklin Templeton, we plan to pursue new virtual asset initiatives and product development." The partnership aims to combine Franklin Templeton's expertise in the field of regulatory-eligible tokenized securities with Binance's global trading infrastructure and investor network to provide new investment opportunities. Specific product details will be disclosed later this year.

Sandy Kaul, Franklin Templeton's Head of Innovation, said, "The partnership with Binance will accelerate the adoption of blockchain in traditional finance," and "We will provide tokenized assets to more traditional financial investors."