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For a long time, cryptocurrencies have been attracting the attention of the traditional financial world, and they have been much more involved in recent years. This year, the approved Spot Bitcoin ETFs are now signaling the start of a new era for cryptocurrencies. The CEO of one of the largest asset managers predicts that this will go much further.
Franklin Templeton and the Future of Cryptocurrency
Franklin Templeton Investments is a global investment company based in the USA, established in 1947. The company, which manages assets worth $1.53 trillion, has been closely interested in cryptocurrencies for a long time and was one of the approved Spot Bitcoin ETFs this year. Franklin Templeton’s CEO and President Jenny Johnson recently made some significant statements.
The CEO recently touched on blockchain and cryptocurrencies during an interview at the 27th Annual Milken Institute Global Conference in California. Her comments on tokenization and artificial intelligence provide significant signals for the future. Jenny, a big fan of blockchain technology, imagines a world where crypto ETFs can be bought and sold on the blockchain in the future.
Blockchain Experiment
For 6-8 months, the company kept account records using both traditional methods and blockchain simultaneously. During this experiment, Johnson was very pleased with the results. In an environment where global giants are turning to tokenization, the President said the following;
“This is a very efficient technology and we think it will open up many new investment opportunities. And to be honest, I think eventually all ETFs and mutual funds will be on the blockchain.”
The low cost and accurate results of blockchain for data verification across different systems are attracting companies. The President of Franklin states and explains a lot in just one sentence;
“When it comes to blockchain, there is only one source of truth.”
Jenny Johnson also highlighted the example of a small portion of the copyright of one of Rihanna’s songs being distributed to holders with 300 NFTs, speaking admiringly of the growth and benefit potential in this area.
In an interview that also touched on artificial intelligence, Johnson said it was like a child who gets an ‘A’ in English and an ‘F’ in math, indicating there is still a long way to go.
