The management of the financial management company Franklin Templeton announced that it has a positive attitude towards cryptocurrencies, but expects clearer legislative regulation of the industry.
Franklin Templeton manages $1.45 trillion in assets. The company serves clients from more than 150 countries. Now the company has practically no financial products related to cryptocurrencies. However, Franklin Templeton sees a great future for digital assets.
“Franklin Templeton understands that there are assets with different tokenomics, on different blockchains and distributed ledger systems. We believe this is an asset class that is being fueled by multiple factors as industries across the economy begin to unlock the potential of blockchain. Which in turn leads to the creation of new types of digital assets,” said Roger Bayston, Head of Digital Assets at Franklin Templeton in interview Blockworks edition.
The company now has 55 exchange-traded funds in the US with a total capitalization of $1.7 billion. However, cryptocurrency ETFs are not among them. According to Bayston, the company is trying to provide clients with quality investment products that “appear when the position of the regulators provides such an opportunity.”
Last fall, Franklin Templeton launched the first blockchain venture fund. However, the capitalization of the fund amounted to only $20 million.
Source: Bits
I’m James Harper, a highly experienced and accomplished news writer for World Stock Market. I have been writing in the Politics section of the website for over five years, providing readers with up-to-date and insightful information about current events in politics. My work is widely read and respected by many industry professionals as well as laymen.
