based on material from the site - By CryptoTale
Bitcoin, which has attracted attention with its recent historical peak, has come into the spotlight after Jenny Johnson, CEO of Franklin Templeton, called it the 'currency of fear.' During the event, Jackson presented a different view on digital assets and stated that, while Bitcoin is in the spotlight, the real story lies elsewhere, emphasizing that blockchain infrastructure represents the foundation of the future financial system. Given that $1.6 trillion is under management, her perspective proved significant for the entire financial industry.
Johnson referred to Bitcoin as a safe haven in countries with weak currencies or limited banking systems and emphasized that its role distracts from the broader opportunities that lie ahead. She pointed to blockchain technology as the foundation for change.
At the SALT conference, Johnson explained her preference for 'picks and shovels' in digital finance, implying the infrastructure underlying the ecosystem. She described blockchain networks as digital highways on which new financial products will operate.
In her opinion, validators are critically important as they ensure the security of transactions and create trust in decentralized systems. For asset managers, validators can even provide a new level of transparency. She noted that one day investors will be able to monitor the flows of funds from companies in real-time, unveiling valuable analytical insights.
Johnson emphasized the importance of tokenization as another driver of progress. In particular, Franklin Templeton has already launched tokenized funds, including its OnChain U.S. Government Market Fund.
Johnson stated that moving mutual funds and ETFs to blockchain can reduce costs and increase efficiency, and also noted that blockchain-based financial products can provide faster settlements, clearer documentation, and fewer operational errors. These advantages, she explained, will ultimately change the principles of how global capital markets operate.
Despite her optimism, Johnson acknowledged existing barriers and called regulation the main obstacle to progress, noting that governments are still hesitant as thousands of digital assets could fail, after which regulators will worry about systemic risks, investor protection, and fraud.
The CEO also added that without clear frameworks, the mass transition of mutual funds and ETFs to blockchains will be delayed. Moreover, Franklin Templeton itself, despite these challenges, has turned to blockchain. Under Johnson's leadership, the company has expanded its activities in the field of digital assets since 2020, launched cryptocurrency-related ETFs, and started using tokenized products, reflecting its belief that infrastructure provides long-term benefits.
Furthermore, she explained that asset managers need to move beyond speculative tokens and focus on areas that will contribute to the development of next-generation finance. Investments in infrastructure will allow managers to be ready for a market whose transparency and speed are ensured by blockchain.
Johnson compared the prospects of blockchain to past changes in the financial sector, where the winners may not be the assets themselves but the platforms supporting them. Her message reinforced the view that blockchain is more than just hype and that it can fundamentally change the ways of issuing, trading, and monitoring funds. For Franklin Templeton, this vision means creating on-chain systems today, in anticipation of when regulators catch up. In conclusion, she noted that the focus is not only on where Bitcoin is traded but also on laying the tracks for the financial networks of tomorrow.
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