Franklin

Apple

Jenny Johnson, CEO of the $1.6 trillion asset management giant Franklin Templeton, stated that all exchange-traded funds (ETFs) and mutual funds will eventually migrate to blockchain technology. 
Speaking at the recent Milken Institute Global Conference, Johnson was extremely bullish on the potential of blockchain to transform the financial sector. Her firm conducted an experiment processing account records in parallel using traditional methods and blockchain over several months. 
“It’s a very efficient technology, and we think it’s going to open up a lot of new investment opportunities,” Johnson <a href="https://www.bloomberg.com/news/videos/2024-05-10/johnson-etf-mutual-funds-will-all-be-on-blockchain" target="_blank" rel="noreferrer noopener">revealed</a>. She emphasized that the effectiveness of blockchain as a distributed ledger, which acts as a single source of truth, eliminates the necessity for duplicate verification across several systems. 
According to Johnson, this cost-saving efficiency means “ETFs and mutual funds are all going to be on blockchain” in the future. She also argued that a host of new investment and product opportunities will arise from the time and money savings made possible by blockchain. 
Her firm has already partnered with Microsoft to build an AI-powered blockchain sales assistant. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
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Franklin Templeton CEO: All Investment Funds Going Blockchain

The Crypto Times

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