Franklin Templeton CEO Jenny Johnson has expressed that the transition to digital asset technology will not be a slow process, highlighting the compelling advantages of blockchain. In her opinion piece for Fortune, she argued that the financial industry will evolve more in the next five years than it has in the last 50, emphasizing the need for financial institutions to either embrace or resist this digital asset wave. Johnson pointed out that blockchain technology offers advantages over traditional finance, including new financial solutions and the potential for rapid transaction processes. Franklin Templeton, a major asset manager with $1.5 trillion AUM, has been involved in digital assets since 2021, launching various blockchain-related funds. Other traditional financial giants, such as BlackRock and JPMorgan, have also increased their engagement with crypto, recognizing its opportunities for profit. However, concerns remain about risks posed by crypto products, as indicated by outgoing Financial Stability Board Chair Klaas Knot, who warned that the sector may be nearing a tipping point.

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