Franklin Templeton launches ‚intraday yield‘ for tokenized assets on Benji
Yield for assets is often calculated over at least one-day periods, a problem that blockchain composability could address, according to the asset manager.
Franklin Templeton, an investment management company with $1.53 trillion in assets under management, has debuted a feature that offers investors yield down to the second when holding tokenized assets.
According to a Tuesday announcement, the “Intraday Yield” feature will allow investors to accrue yield proportional to the time they hold a tokenized security, even if it’s transferred before the day’s end. In addition, investors can earn yield on non-banking days, including holidays and weekends.
The feature will be integrated into Franklin Templeton’s tokenization platform Benji. The company said it can potentially improve the crypto industry’s current model of calculating yield over a longer period.
