Global investment manager Franklin Templeton has launched a proprietary “Intraday Yield” feature on its Benji technology platform that allows for sub-second yield calculation and distribution for tokenized securities. This innovation significantly improves the accuracy of investor compensation when asset ownership changes.
Benji’s blockchain-integrated platform now allows tokenized income-producing assets to accumulate and distribute profits proportionally over the exact period an investor holds them, even during intraday transfers. Accordingly, an investor who sells a security mid-day will still receive income for the exact period they held it.
Franklin Templeton noted that the system also allows for daily income distributions, including weekends and holidays, going beyond the industry standard of end-of-day ownership and monthly distributions. Franklin Templeton’s head of digital assets, Roger Bayston, added that the feature illustrates the firm’s commitment to leveraging the obvious benefits of blockchain.
Franklin Templeton has been investing in proprietary blockchain technology since 2017. Benji Technology Platform, Franklin Templeton’s proprietary blockchain stack, simplifies the trading, management, and administration of token-based investments.
The platform formed the basis of the world’s first US-listed blockchain mutual fund in 2021, the first tokenized UCITS fund in Luxembourg in 2024, and a planned retail tokenized fund in Singapore.
