Franklin CEO: Real companies are built on first-tier platforms such as Ethereum, Solana, and Cardano
Franklin Templeton's President and CEO, Jenny Johnson, stated that the progress of cryptocurrencies should not be overlooked. Real companies are being built on first-tier platforms such as Ethereum, Solana, and Cardano, which will compete with traditional firms. As long as there is the ability to exchange for fiat currency, it has value and may threaten some old models because it allows people to become almost a part of the network. When you expand the network, you get rewarded like a shareholder; this changes the relationship between asset owners and assets. Jenny Johnson added that whether it's mutual funds or ETFs, Blockchain technology will ultimately drive them. Traditional exchanges need to batch update computer systems at night to settle funds; blockchain eliminates this delay. Blockchain essentially does three things: payment mechanisms, smart contract capabilities and ensures ownership through ledgers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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