Franklin Templeton Moves More Business Onto Blockchain

Summary

Adam Back and Jenny Johnson discuss Bitcoin's recent price decline, institutional demand for crypto, and Franklin Templeton's move to put more business functions on blockchain. The conversation also covers the Benji tokenized money market fund, DTCC's tokenization on Stellar, and the ongoing speculation about Satoshi Nakamoto.

• Bitcoin has fallen from October highs, with key levels at $100k, $90k, $80k, and now $70k.
• Adam Back suggests the sell-off may be technical, possibly a large liquidation, not sentiment-driven.
• Jenny Johnson notes institutional interest is long-term and not swayed by short-term price moves.
• Franklin Templeton acquired crypto venture fund 250 Digital, using its tokenized money market fund to partially settle.
• The Benji tokenized money market fund has grown to $2.6 billion and is now accepted as collateral on Kraken.
• DTCC announced tokenizing Russell 1000 stocks, ETFs, and Treasuries on the Stellar blockchain.
• Jenny Johnson believes financial services will ultimately run on blockchain for efficiency.
• Adam Back denies being Satoshi Nakamoto and notes the trail is cold.