Franklin Templeton has linked its Benji tokenization platform to the Canton Network, expanding institutional access to regulated onchain assets. Franklin Templeton has expanded its tokenization and investor platform, Benji, to the Canton Network, marking another step in the growth of institutional blockchain infrastructure for tokenized investment products. The integration, announced Wednesday, connects Franklin Templeton’s proprietary Benji Technology Platform to Canton, a blockchain network designed for regulated financial institutions. The move enables Benji’s tokenized assets, including its onchain US government money market fund, to be used as collateral and liquidity within Canton’s Global Collateral Network. Each Benji token represents a share of Franklin Templeton’s tokenized money market fund, with yields calculated intraday and ownership recorded onchain. Read more
The National Assembly on Wednesday passed the 27th Constitutional Amendment Bill during a ruckus-marred session attended by political heavyweights, including Prime Minister Shehbaz Sharif, PML-N President Nawaz Sharif and PPP Chairman Bilawal Bhutto-Zardari. The bill was passed by a two-way voting process — voting by division and clause-by-clause voting. Presented in the house for voting by Law Minister Azam Nazeer Tarar, the bill will now be referred back to the Senate for the new amendments to be debated upon again and then will be passed by the upper house. National Assembly Speaker Ayaz Sadiq said the bill received 234 votes in favour and four against. Major amendments: Addition of Federal Constitutional Court to the list of courts that cannot ratify the act of high treason Incumbent chief justice will continue to be known as the chief justice of Pakistan (CJP) during his term CJP now means the senior-most judge among the chief justices of the Supreme Court and Federal Constitutional Court Speaking on the...