Thomas Daniels
At the Fortune Global Forum, Jenny Johnson, the President and CEO of Franklin Templeton, spoke about the company’s strategic adoption of blockchain technology in its financial services. Managing assets over $1.3 trillion, the firm is a leader in incorporating blockchain into mainstream finance. This is demonstrated by their initiatives like launching a blockchain-based U.S.-registered mutual fund and proposing a Bitcoin ETF.
Johnson differentiates Bitcoin from blockchain technology. She emphasizes the importance of recognizing blockchain as a tool for facilitating access to private markets. Her vision for blockchain transcends cryptocurrencies, focusing on democratizing private markets by making transactions less cumbersome and enabling partial ownership of complex assets.
Johnson highlights blockchain’s role in improving efficiency, foreseeing a future where financial products are enhanced by blockchain, leading to quicker, more secure settlements and reducing fraud and system latency. Her company’s involvement in a tokenized money-market fund and as a node validator underscores this commitment.
Regarding a Bitcoin spot ETF, Johnson recognizes its approval depends on regulatory bodies focused on consumer protection and anticipates its eventual introduction, acknowledging the strong market demand for Bitcoin as an investment.
Johnson’s interest in blockchain and cryptocurrencies began during her leadership of Franklin Templeton’s technology division, where she stays abreast of emerging tech trends. Her personal investments include mainstream cryptocurrencies like Ethereum and Bitcoin, and she has also ventured into SushiSwap and Uniswap.
Franklin Templeton is exploring NFTs, starting with their Innovation Forum, reflecting Johnson’s balanced approach to new technologies. She believes in investing in projects that promise financial returns, understanding that while not all NFTs may be successful, some will undoubtedly find value.
