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. Read more
Filings with the New Jersey Election Law Enforcement Commission showed only a few small contributions from individuals tied to crypto companies for various candidates. As voters head to the ballot boxes to cast their choices for candidates in the Democratic and Republican primaries in New Jersey’s race for its next governor, funds from crypto traders and interest groups don’t seem to be as much of a factor as they were in the 2024 federal races. According to filings with the New Jersey Election Law Enforcement Commission reviewed by Cointelegraph as of Tuesday, no significant political action committees (PACs) funded by cryptocurrency companies or interest groups appeared to have contributed to any of the 12 Democratic and Republican candidates running for governor. In a search for contributions directly to candidates or PACs, only a few filings suggested any connections to the crypto industry. Read more