Franklin Templeton

What Franklin Templeton does

Franklin Templeton, operating as Franklin Resources Inc. (NYSE: BEN), is a global asset management firm founded in 1947 managing approximately $1.66-1.7 trillion in assets under management across equities, fixed income, multi-asset solutions, and alternatives. The firm serves institutional investors (sovereign wealth funds, pensions, endowments), high-net-worth individuals, retail investors in Singapore and Hong Kong, and mass-market retirement savers through a diversified distribution network spanning North America, Europe, Asia-Pacific, the Middle East, and Latin America. Revenue is generated almost entirely through recurring management and advisory fees on AUM, with FY2025 total operating revenues of $8,770.7 million (3% YoY growth) and a 48% increase in operating income.

The company's technology backbone is the proprietary Benji tokenization platform, which distributes investment products across multiple blockchain networks including Polygon, Stellar, BNB Chain, and Canton Network, enabling 24/7 trading, real-time settlement, and DeFi composability. Core product offerings include tokenized money market funds (distributed through Hong Kong's HSBC/OSL platform, Singapore's ADDX platform, and Binance's institutional collateral program), tokenized ETFs via Ondo Finance, the Canvas platform with systematic tax overlay (now expanded via Canvas P3 Preferred Partner Program with MFS, Federated Hermes, and T. Rowe Price), and 88+ ETFs with over $60 billion in global ETF assets. The firm has expanded aggressively into crypto through the Franklin Crypto unit formed from the April 2026 acquisition of 250 Digital, spot crypto ETFs (Solana SOEZ, XRP XRPZ), and a Wand AI partnership deploying agentic AI across global operations.

The business model is subscription-recurring through management fees on AUM, with go-to-market spanning enterprise field sales to institutional investors, exchange-listed ETFs across major global exchanges, self-serve digital platforms (ADDX), and channel partnerships (Binance, SBI Holdings in Japan, QIA in Qatar). Private markets operations, consolidated under the unified BSP credit brand (Benefit Street Partners plus Alcentra), contribute approximately $270 billion in alternatives AUM. Recent geographic expansion has targeted Japan, the Middle East (UAE, Qatar, Saudi Arabia), and emerging Asia-Pacific markets through sovereign wealth fund mandates and digital distribution channels.

Name

Franklin Templeton

Legal name

Franklin Resources, Inc.

Website

https://franklinresources.com

Company type

Public

Founded year

1947

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Franklin Templeton (NYSE: BEN), a global asset manager founded in 1947 with $1.66-1.7 trillion AUM, serves institutional, HNW, and retail clients via mutual funds, ETFs, tokenized products on the Benji blockchain platform, private markets, and crypto.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282), Finance Services (6199), Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Multi-Asset Mutual Funds & UCITS (Balanced/Allocation Funds) (FSAAAJAA)

akta.pro secondary industries

Money Market Funds (FSAAAEAC), Fixed Income Mutual Funds (FSAAAEAB), Active Crypto Asset Managers (Discretionary) (FSADAHAA)

Keywords

• Asset management
• Mutual funds
• Exchange-traded funds
• Investment management
• Wealth management

Headquarters

HQ city

Baltimore

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Investment Management Fees: Franklin Templeton generates revenue primarily through management and advisory fees charged on assets under management across its mutual funds, ETFs, and separately managed accounts. Total operating revenues reported at $8,770.7 million with 3% year-over-year increase.
2. ETF Management Fees: Revenue from management fees on exchange-traded funds. The firm launched multiple new ETFs including Solana ETF, XRP ETF, emerging markets debt ETF, and municipal bond ETFs, expanding its ETF product suite to 88 ETFs with over $60 billion in global ETF assets.
3. Tokenized Fund Fees: Fees from tokenized money market funds and other blockchain-based investment products distributed through institutional and retail platforms in Hong Kong, Singapore, and Middle East markets.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Franklin Templeton is a global asset management firm offering mutual funds, ETFs, separately managed accounts, alternatives, and tokenized/blockchain-based investment products across equities, fixed income, multi-asset solutions, and private markets. The firm manages approximately $1.7 trillion in assets under management through its proprietary Benji tokenization platform and traditional distribution channels, serving institutional investors, sovereign wealth funds, high-net-worth individuals, and retail clients globally.

Product overview

Franklin Templeton operates as a diversified global asset management platform managing $1.66-1.7 trillion in assets across equities, fixed income, multi-asset solutions, and alternatives. The product portfolio centers on the Benji Technology Platform for tokenization, enabling institutional blockchain-based investment products across Polygon, BNB Chain, and Canton Network. Key offerings include tokenized money market funds (Hong Kong, Singapore, and Binance collateral programs), Franklin Templeton Tokenized ETFs (US equities, fixed income, gold via Ondo Finance), the Canvas Platform with tax overlay capabilities (Canvas P3), and traditional ETFs including emerging markets debt (TEMD), Solana (SOEZ), XRP (XRPZ), and Core US Enhanced Equity UCITS. The company has expanded into crypto investment management through the Franklin Crypto unit (250 Digital acquisition) and agentic AI deployment via Wand AI partnership. Credit operations are consolidated under BSP brand (Benefit Street Partners and Alcentra), while the firm maintains 88+ ETFs with over $60 billion in global ETF assets.

Differentiator

Problem solved

Functional benefit

Brands

• Benji Technology Platform: Tokenization platform for digital asset investment products
• Canvas
• Franklin OnChain
• BSP

Products and services

• Franklin Templeton Tokenized ETFs (via Ondo Finance) Tokenized versions of Franklin Templeton ETFs covering US equities, fixed income, and gold, issued in partnership with Ondo Finance, enabling holders economic exposure through crypto wallets with DeFi composability as collateral.
• Benji Technology Platform Franklin Templeton's proprietary tokenization platform enabling blockchain-based distribution of institutional investment products, expanded across multiple blockchain networks including Polygon, BNB Chain, Stellar, and Canton Network. Supports 24/7 trading, real-time settlement, and DeFi composability.
• Franklin OnChain U.S. Dollar Short-Term Money Market Fund (Singapore) Tokenized money market fund launched on ADDX platform in Singapore and approved by the Monetary Authority of Singapore, providing retail investors exposure to short-term U.S. dollar debt instruments.
• Franklin OnChain U.S. Dollar Short-Term Money Market Fund (Hong Kong) Luxembourg-registered tokenized money market fund available in Hong Kong through HSBC and OSL Group, initially for institutional investors with retail expansion plans.
• Binance Institutional Collateral Program Institutional off-exchange collateral program with Binance allowing tokenized money market fund shares as trading collateral, with underlying assets held in regulated custody by Ceffu Custody in Dubai.
• Canvas Platform (Preferred Partner Program / Canvas P3) Wealth management platform with Preferred Partner Program enabling third-party asset managers to offer tax-managed investment strategies with systematic tax overlay including tax-loss harvesting and after-tax reporting.
• Franklin Core US Enhanced Equity UCITS ETF Active and systematic equity ETF employing multi-factor quantitative process focused on stability and risk management, listed on European exchanges for UK and European investors.
• Templeton Emerging Markets Debt ETF (TEMD) Actively managed ETF providing emerging market debt exposure across hard currency and local currency segments with dynamic currency risk management.
• Franklin Templeton Solana ETF (SOEZ) Spot Solana ETF traded on NYSE providing regulated institutional access to SOL cryptocurrency exposure.
• Franklin Templeton XRP ETF (XRPZ) Spot XRP ETF providing regulated institutional access to XRP cryptocurrency with Coinbase Custody as custodian, traded on NYSE Arca.
• Franklin DynaTech Fund Growth-oriented equity fund focusing on technology and innovation investments with long-term generative AI and agentic AI investment thesis.
• Franklin Templeton K2 Alternative Strategies Fund Multi-strategy alternative investment fund with exposure to private equity secondaries, real estate, and infrastructure.
• Western Asset Inflation-Linked Funds (WIA and WIW) Closed-end funds providing inflation-linked income with monthly distributions of $0.05 and $0.06 per share respectively.
• Sapphire Equity Long-Short SIF Specialized investment fund in India using multi-factor quantitative approach to invest across market caps with selective short positions, leveraging Sapphire quantitative models.
• QIA-Franklin Templeton Qatar Equity Fund $200 million equity fund targeting Qatar Stock Exchange-listed companies, structured as daily-traded mutual fund with Qatar Investment Authority as anchor investor.
• Franklin India Multi-Factor Fund Multi-factor fund employing data-driven four-factor model for long-term capital appreciation within top 500 Indian companies.
• BSP Credit Platform (Benefit Street Partners and Alcentra) Unified credit management platform consolidating Benefit Street Partners (acquired 2019) and Alcentra (acquired 2022) under BSP brand, part of Franklin Templeton's global credit platform expansion.
• Franklin Crypto (250 Digital) Crypto investment management unit providing institutional-grade crypto investment management capabilities, formed from the acquisition of 250 Digital (spun off from CoinFund).

Quantifiable outcome

• Franklin DynaTech Fund fell 10.90% in Q1 2026, outperforming Russell 1000 Growth Index's 9.78% decline
• +2 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

AI capability3 records

Feature4 records

Partnerships

16 partnerships are on record, tiered core, flagship and minor.

• MFS Investment Management, Federated Hermes, T. Rowe PricecoreChannel Partner/ Reseller/ Distributor · 18 June 2026Franklin Templeton launched the Preferred Partner Program (Canvas P3) enabling third-party asset managers to offer tax-managed versions of their proprietary investment strategies. MFS, Federated Hermes, and T. Rowe Price initially offer systematically tax-managed separately managed accounts through the platform.
• 250 DigitalcoreStrategic or Co-development Partner · 1 April 2026Franklin Templeton announced acquisition of 250 Digital, a crypto investment management firm spun off from CoinFund, which formed the basis of its newly created Franklin Crypto unit. This strategic acquisition strengthens Franklin Templeton's digital asset capabilities and institutional crypto offerings.
• ZeroHashcoreTechnology or Integration · 4 March 2026ZeroHash, a crypto infrastructure company serving as backend for Morgan Stanley, BlackRock, Franklin Templeton, Stripe, and Interactive Brokers, filed for a national trust bank charter with the OCC. Franklin Templeton utilizes ZeroHash infrastructure for digital asset operations.
• BinanceflagshipChannel Partner/ Reseller/ Distributor · 11 February 2026Franklin Templeton launched an institutional off-exchange collateral program with Binance allowing clients to pledge tokenized money market fund shares as collateral for trading. Underlying assets are held in regulated custody by Ceffu Custody in Dubai. This positions tokenized MMFs as an alternative to idle stablecoins for trading collateral.
• PolygoncoreTechnology or Integration · 1 February 2026Franklin Templeton launched its Templeton Money Market Fund as a tokenized product on Polygon, a layer-2 scaling solution for Ethereum. This marked Franklin Templeton's expansion into decentralized finance, leveraging Polygon's technology to reduce transaction costs and increase speed for investors.
• ADI FoundationcoreStrategic or Co-development Partner · 18 December 2025ADI Foundation announced partnerships with BlackRock, Mastercard, and Franklin Templeton to advance blockchain infrastructure and adoption in the Middle East. Collaborations focus on tokenized assets, blockchain-based payments, and regulatory compliance, signaling strong institutional confidence in the ADI ecosystem.
• CAIA AssociationminorStrategic or Co-development Partner · 9 December 2025CAIA Association and Franklin Templeton entered a multi-year strategic partnership to enhance investment education and industry standards. Collaboration includes educational programs, podcast, and Islamic Finance microcredential development, with focus on expanding presence in Middle East.
• Coinbase CustodycoreTechnology or Integration · 18 November 2025Coinbase Custody Trust Company serves as the custodian for Franklin Templeton's spot XRP ETF (ticker EZRP), to be traded on Cboe BZX Exchange, broadening institutional adoption of digital assets.
• BNB Chain / BinancecoreTechnology or Integration · 13 November 2025Franklin Templeton expanded its Benji tokenization platform to BNB Chain, enabling additional blockchain infrastructure for institutional tokenized investment products.
• CapBridgecoreChannel Partner/ Reseller/ Distributor · 12 November 2025Singapore-based digital investment platform CapBridge announced collaboration with Franklin Templeton to provide regulated access to sgBENJI, a tokenized money market fund built on the Stellar blockchain. The partnership enables investors to access institutional-grade tokenized assets through CapBridge's MAS-regulated platform.
• Canton NetworkcoreTechnology or Integration · 12 November 2025Franklin Templeton's Benji Technology Platform expanded onto the Canton Blockchain, providing institutional clients access to tokenized investment products and increasing liquidity in regulated digital markets. The Canton Network handles over $6 trillion in assets, significantly expanding Franklin's digital asset ecosystem.
• Wand AIcoreStrategic or Co-development Partner · 7 November 2025Franklin Templeton announced a multi-year strategic partnership with Wand AI to expand the deployment of agentic AI across its global operations, supporting research, operational workflows, and digital transformation initiatives. The collaboration evolved from pilot programs to production deployments with full enterprise-wide implementation expected by 2026.
• ADDXcoreChannel Partner/ Reseller/ Distributor · 5 November 2025Franklin Templeton and ADDX launched the Franklin OnChain U.S. Dollar Short-Term Money Market Fund on the ADDX platform in Singapore, approved by the Monetary Authority of Singapore. This was the first tokenized fund registered for retail investors in Singapore, providing exposure to short-term U.S. dollar debt instruments.
• Ministry of Investment of Saudi Arabia, BNYminorStrategic or Co-development Partner · 28 October 2025Franklin Templeton launched the HeadStart program in Saudi Arabia to empower female students in finance, in collaboration with Ministry of Investment of Saudi Arabia and BNY. The initiative offers online learning and a four-month internship.
• DBS BankcoreStrategic or Co-development Partner · 19 September 2025DBS, Franklin Templeton, and Ripple teamed up on tokenized money market fund trading, combining Ripple's blockchain infrastructure with Franklin Templeton's investment products and DBS's banking capabilities to enhance institutional lending with tokenized funds and RLUSD stablecoin.
• SBI HoldingscoreStrategic or Co-development Partner · 1 August 2025Franklin Templeton partnered with SBI Holdings (Ripple's biggest external shareholder with ~9% stake) for a joint crypto ETF management venture in Japan. The partnership leverages Franklin Templeton's $1.7 trillion AUM and SBI's decade of Ripple infrastructure to target Japan market following regulatory clarity.

Scale indicators7 records

Recent moves6 records

Expansion highlights8 records

Emerging players

• Hashdex: Crypto-focused asset manager offering crypto ETFs and index products. Direct competitor in the rapidly growing crypto ETF category where Franklin has launched Solana (SOEZ) and XRP (XRPZ) products.
• WisdomTree: Asset manager with strong ETF franchise and active involvement in tokenized funds (WisdomTree Prime). Direct competitor in the tokenized money market fund space Franklin is pioneering.

Broad incumbents

• PIMCO: One of the world's largest fixed income and multi-asset managers. Direct competitor in active fixed income (Franklin's Western Asset) and alternatives, with similar institutional client base.
• Vanguard: One of the largest asset managers globally with broad multi-asset and ETF offerings. Competes with Franklin in retail mutual funds, ETFs, and retirement products, though Vanguard focuses primarily on passive/index strategies.
• Fidelity Investments: Major diversified asset manager with retail and institutional offerings, competing directly with Franklin in mutual funds, ETFs, and increasingly tokenized/digital products. Comparable scale and product breadth.
• BlackRock: World's largest asset manager with $10T+ AUM and a direct competitor in tokenized funds (BUIDL) and crypto ETFs. Most comparable peer given its scale, multi-asset product suite, and aggressive tokenization strategy across the same blockchain rails.
• KKR: Major alternative asset manager with rapidly growing private markets, credit, and infrastructure platforms. Direct competitor in Franklin's $270B alternatives platform and increasingly in retail-accessible private market products.
• State Street Global Advisors: Major asset manager and ETF issuer (SPDR brand). Competes with Franklin in institutional asset management, ETFs, and increasingly in tokenized funds via State Street's digital assets initiatives.

Direct peers

• Invesco: Mid-large global asset manager with comparable ETF franchise (QQQ), active equities, fixed income, and alternatives. Similar profile of multi-asset offerings competing in institutional and retail channels.
• T. Rowe Price: Global asset manager focused on active equity, fixed income, and multi-asset strategies. Already a Canvas P3 partner of Franklin Templeton and a direct competitor in institutional and retail active management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks4 records

Key highlights7 records

Customer concentration

• Xx.com/FTI_US
• Facebookfacebook.com/franklintempleton

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Franklin Templeton