Pioneering Tokenized Funds - Roger Bayston (Franklin Templeton)

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RULEMATCH Spot On

RULEMATCH

35 episodes

5 days ago

RULEMATCH Spot On is the only podcast focused exclusively on the institutional crypto and digital assets industry. Hosted by Ian Simpson, each episode brings in-depth conversations with people "in the know" about what banks, hedge funds, asset managers and other institutions are doing in crypto and digital assets - and how they are doing it. Official RULEMATCH Channel

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Pioneering Tokenized Funds - Roger Bayston (Franklin Templeton)

RULEMATCH Spot On

51 minutes 30 seconds

1 month ago

Pioneering Tokenized Funds - Roger Bayston (Franklin Templeton)

With nearly half a billion in assets, Franklin Templeton's pioneering tokenized money market fund - popularly known as BENJI - is clearly a success. But…how did it come about?

What does the $1.6 trillion asset manager think tokenized assets will do for capital markets? And what still needs to happen for blockchain rails to go “big time” in the global world of finance?

Franklin Templeton’s Head of Digital Assets Roger Bayston sat down with Ian Simpson to discuss all this and more on RULEMATCH Spot On.

1:46 - Intro

2:46 - The motivation behind FOBXX / BENJI

5:33 - Why a tokenized money market fund?

6:45 - Who is buying BENJI?

8:00 - Interest from crypto-native hedge funds

9:40 - Why tokenize when the market isn’t ready?

11:23 - Upgrading the velocity of money moving in funds

13:30 - Why the BENJI app?

15:17 - How does BENJI trading work?

18:00 - The “white-label” ecosystem of Franklin Templeton

20:50 - Who should get into tokenization as well?

21:54 - An “ideal” relationship between Franklin Templeton and Morgan Stanley

23:33 - The massive adoption of Web 3.0 wallets

24:38 - The innovation of intraday yield

25:30 - Adoption among market makers

26:49 - The real advantages of going fully “on-chain”

28:46 - The hot topic of stablecoins

29:56 - The “cold hard geopolitical fact” of US-backed stablecoins

31:22 - The holy grail of yield with stablecoins

32:19 - J.P. Morgan and Web 3.0 wallet-based organizations

34:48 - Franklin Templeton’s conviction about Web 3.0

35:02 - Coming to terms with the “financialization” of crypto

37:33 - The amazing thing about financial advisors in the US

38:07 - Financial institutions’ attitude towards tech

40:12 - What comes next for tokenization?

41:14 - CALPERS and tokenized investments

44:29 - Shifting what “is possible” for investments

45:29 - The considerations for choosing a blockchain to use

48:08 - Working with “digital nation states”

49:55 - What could come next?

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ABOUT THE HOST: Ian Simpson is Director of Marketing and Communication at RULEMATCH as well as host of the RULEMATCH Spot On podcast, focused exclusively on the institutional crypto and digital assets industry. Previously he was Head of Marketing at Bitcoin Suisse and Head of Communications at the Crypto Valley Association. Ian is a veteran of the Swiss crypto and digital assets industry since 2017. His insights on the Swiss crypto and blockchain ecosystem have been featured in CoinDesk, the leader in blockchain news.

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Disclaimer:The information contained in this podcast about RULEMATCH AG (“RULEMATCH”) and any guest company is for general informational purposes only and should not be considered exhaustive. They do not imply any elements of a contractual relationship nor any offering.