Tokenization is “securitization done on steroids" — Franklin Templeton CEO
Speaking at CNBC’s Delivering Alpha event, Jenny Johnson discussed how digital assets are disrupting securitization and the financial markets. Securitization, a practice with over 50 years of history, is undergoing a dramatic transformation, believes Jenny Johnson, CEO of Franklin Templeton, one of the world’s largest asset managers. During CNBC’s Delivering Alpha event, Johnson noted that tokenization — the process of converting asset ownership rights into digital tokens on a blockchain — is akin to “ securitization done on steroids ,” a term often used to describe something that exceeds expectations. Johnson’s remarks were part of an Analysis of the future of alternative investment vehicles. The executive noted that available capital and technology disruption have been attracting more companies and CEOs to invest in “things for the future,” like blockchain technology. Johnson said: “One is it allows a payment mechanism. Number two, it allows smart contracts to be programmed into...