Franklin Templeton Launches Tokenized Asset "Intraday Yield" on Benji

According to Cointelegraph, Franklin Templeton, with assets under management of $1.53 trillion, has launched an "intraday yield" feature for tokenized assets.

The feature has been integrated into its tokenization platform, Benji, allowing investors to calculate returns on a second-by-second basis, supporting yield accumulation on non-trading days (including holidays), and addressing the lag in traditional finance where yields are calculated on a daily basis.

Roger Bayston, Head of Digital Assets, stated that current systems typically calculate yields daily and distribute them monthly, preventing intraday traders from receiving the returns they are due. The company's Franklin OnChain U.S. Government Money Fund has approximately $750.0 million in assets under management.