Franklin Templeton CEO: All Investment Funds Going Blockchain

As a seasoned crypto investor with a background in traditional finance, I couldn’t agree more with Jenny Johnson’s bullish outlook on the transformative potential of blockchain technology for the financial sector. Having witnessed the inefficiencies and high costs associated with duplicate verification across multiple systems in mutual funds and ETFs, I believe that blockchain’s distributed ledger technology will bring about significant cost savings and streamline operations.

Jenny Johnson, the CEO of the substantial asset management company Franklin Templeton with a market value of $1.6 trillion, expressed her belief that both exchange-traded funds (ETFs) and mutual funds will transition to utilizing blockchain technology in the future.

At the Milken Institute Global Conference, Johnson expressed strong optimism about blockchain’s capacity to revolutionize the financial industry. Over a period of several months, her company ran an experiment comparing the processing of account records through conventional methods and blockchain technology.

“Johnson shared her belief that this technology is extremely productive and will create numerous potential investment prospects. She highlighted the advantage of blockchain as a distributed ledger, ensuring a sole source of authentic data, thereby eradicating the requirement for multiple verifications across various systems.”

Based on Johnson’s perspective, the cost-effective nature of ETFs and mutual funds will lead them to adopt blockchain technology in the future. Additionally, she believes that this technological shift will bring about numerous investment possibilities and innovative products due to the time and financial advantages offered by blockchain.

Her firm has already partnered with Microsoft to build an AI-powered blockchain sales assistant.

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2024-05-12 15:48