blockchain

Blockchain technology and asset tokenization are steadily gaining traction across the financial industry. Yet many traditional financial institutions remain cautious about embracing the shift. According to Franklin Templeton CEO Jenny Johnson, the hesitation has little to do with technical limitations or regulatory uncertainty.
Instead, it may come down to one thing: protecting billions of dollars in revenue.
Decentralization Is Changing the Rules
Speaking at the Proof of Talk conference in Paris, Jenny Johnson, CEO of Franklin Templeton, which manages approximately $1.74 trillion in assets, offered a candid explanation for why parts of Wall Street have been slow to adopt blockchain technology.
According to Johnson, decentralized networks directly challenge the business models that have generated substantial profits for traditional financial institutions for decades.
If smart contracts can automatically settle transactions within seconds, the need for many intermediaries between buyers and sellers is significantly reduced. Those intermediary services are where a considerable portion of financial-sector revenue is generated.
Blockchain Delivers Lower Costs
Johnson emphasized that the benefits of blockchain are not merely theoretical.
Franklin Templeton has been operating its tokenized money market fund, Benji, on public blockchain networks for several years, giving the company a direct comparison between traditional infrastructure and blockchain-based systems.
According to Johnson, the results demonstrated significantly greater efficiency. Transactions processed on blockchain networks were cheaper while also providing faster settlement and improved transparency.
These economic advantages, she argues, are one of the key reasons why more financial institutions are beginning to explore asset tokenization.
Institutions No Longer View Blockchain as an Experiment
Another sign of growing adoption is Franklin Templeton’s continued expansion into digital assets.
The company recently announced a partnership with MoonPay that will allow institutional investors to move capital between stablecoins and tokenized funds through a fully blockchain-based workflow.
Just a few years ago, projects like these were considered experimental. Today, they are increasingly becoming part of the long-term strategies of some of the world’s largest asset managers.
Banks Aren’t Going Away
Despite her enthusiasm for blockchain technology, Johnson does not believe banks will disappear.
She argues that most investors still prefer trusted institutions to handle asset custody, security, and regulatory compliance rather than managing private keys and digital wallets entirely on their own.
As a result, the future may not involve eliminating banks but transforming them. Financial institutions could continue to play a central role while operating on more modern, blockchain-powered infrastructure.
Tokenization Continues to Gain Momentum
The migration of traditional assets onto blockchain networks has become one of the fastest-growing trends in global finance. Investment firms, banks, and technology companies increasingly see tokenization as a way to reduce costs, accelerate transactions, and improve overall efficiency.
The question may no longer be whether blockchain will become part of traditional finance—but how quickly that transformation will occur.
If the economic benefits continue to be validated in real-world applications, pressure on Wall Street to adapt its long-standing business models could intensify significantly in the years ahead.
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The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.

The financial giant enables settlements with stablecoins on eight networks #blockchain and accelerates the mass adoption of digital assets.
#Mastercard just took one of the most significant steps in the history of institutional cryptocurrency adoption. The company announced that it will start processing settlements using regulated stablecoins across eight blockchain networks, directly integrating crypto infrastructure with one of the largest payment systems on the planet.
The selected networks are: