Franklin Templeton, a leading investment management firm with $1.53 trillion in assets under management, has launched a groundbreaking feature called
Intraday Yield
on its Benji tokenization platform.
Revolutionizing Yield Calculation in Tokenized Assets
This new capability allows investors to accrue yield down to the second, even if they transfer tokens before the day ends, providing more precise and flexible income management.
The feature supports earning yield on non-banking days, including weekends and holidays, addressing long-standing inefficiencies in traditional finance.
According to Franklin Templeton's head of Digital Assets, Roger Bayston,
Intraday Yield is designed to solve a century-old inefficiency in traditional finance: the delayed and rigid nature of yield calculation and distribution.
Implications for the Crypto Industry and Asset Tokenization
Currently, yield is typically calculated over at least one day and distributed monthly, which can cause investors to miss out on proportional earnings during intra-day trades.
Franklin Templeton aims to change this with real-time accruals that enhance transparency and investor flexibility.
The company manages one of the largest tokenized treasury funds—about $750 million via the Franklin OnChain U.S. Government Money Fund—highlighting its commitment to innovative digital asset solutions.
Tokenizable real-world assets include debt instruments like US Treasurys, corporate bonds, and equities, with the market capitalization reaching $23.14 billion as of June 9, according to RWA.xyz data.
This marks a 46.92% increase since early January, signaling growing demand for asset tokenization in the crypto space.
Other major players like BlackRock and VanEck also back tokenized funds managing over $2.94 billion in Treasurys as of June 9.
The Broader Impact on CeFi and Blockchain Composability
By enabling instant yield calculations, Franklin Templeton's innovation could address longstanding issues related to yield distribution delays across traditional finance (CeFi) and decentralized finance (DeFi) sectors.
This development exemplifies how blockchain's composability can modernize asset management practices, promoting efficiency and investor confidence.
As the market for tokenized real-world assets continues to expand—projected to reach over $23 billion—such innovations are poised to shape the future landscape of digital investments and CeFi integration.
In conclusion, Franklin Templeton’s Intraday Yield feature represents a significant step toward real-time financial operations within blockchain ecosystems, emphasizing its relevance for both institutional investors and retail participants alike.
