Franklin Templeton, a $1.6 trillion asset manager, running Cardano nodes, is signaling institutional interest in Cardano’s blockchain, which uses a unique proof-of-stake consensus mechanism validated by peer-reviewed research from Input Output Hong Kong (IOHK) to enhance scalability and security.
Cardano’s lack of a traditional white paper and its focus on regulatory compliance, as noted in its 2024 Chang upgrade for decentralized governance, contrasts with mainstream cryptocurrencies like Bitcoin and Ethereum, potentially attracting firms like Franklin Templeton seeking long-term stability.
Franklin Templeton’s involvement follows its 2020 acquisition of Legg Mason, boosting its assets to $1.4 trillion, and its history of exploring blockchain, including a 2021 tokenized money market fund on Ethereum, suggesting a strategic pivot to diverse blockchain ecosystems like Cardano.
