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Blockchain Revolution: Franklin Templeton CEO Envisions All ETFs and Mutual Funds

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Blockchain Revolution: Franklin Templeton CEO Envisions All ETFs and Mutual Funds

Jenny Johnson, the CEO and President of Franklin Templeton, a financial firm with $1.6 trillion in assets, reaffirmed her support for blockchain technology in an interview with Bloomberg. During the interview at the Milken Institute Global Conference, Johnson discussed the benefits of tokenization and generative artificial intelligence.

When asked about how Franklin Templeton has benefited from tokenization, Johnson expressed her enthusiasm for blockchain and its efficiency. The company conducted an experiment comparing traditional methods with blockchain to process account records, and they found that running it on blockchain was significantly less costly. Johnson believes that blockchain will open up new investment opportunities and predicts that ETFs and mutual funds will eventually move onto blockchain to reduce the costs associated with data verification.

Johnson highlighted the potential for cost savings and diversification in investments through tokenization. She used the example of Rihanna, who released a series of Non-Fungible Tokens (NFTs) that provided owners with a percentage of royalties for one of her songs. This example emphasizes the benefits of tokenization in creating new revenue streams for artists and increasing investment opportunities.

The conversation then turned to generative artificial intelligence, with Johnson acknowledging its usefulness while also noting its limitations. She compared it to a student who excels in one subject but struggles in another. Franklin Templeton has partnered with Microsoft to develop an AI-powered sales assistant, highlighting the investment opportunities in this field. Johnson also highlighted the potential for AI-powered translation services to break down language barriers in finance.

Johnson’s remarks during the interview reflect her positive outlook on blockchain technology and its potential to revolutionize the financial industry. She views tokenization as a cost-effective solution for data verification and believes it will lead to more diversified investments. She recognizes the value of generative AI but acknowledges its limitations. Johnson’s insights highlight the growing importance of blockchain and AI in the financial sector.

3 thoughts on “Blockchain Revolution: Franklin Templeton CEO Envisions All ETFs and Mutual Funds

  1. Jenny Johnson’s positive outlook on blockchain technology is misguided. She’s just trying to hype it up.

  2. I love how Jenny Johnson recognizes the value of generative AI while acknowledging its limitations. Her balanced perspective brings credibility to the discussion of AI’s role in the financial sector.

  3. Jenny Johnson’s partnership with Microsoft to develop an AI-powered sales assistant is groundbreaking! The future of finance is here, and it’s exciting!

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