Franklin Templeton, one of the world’s largest investment managers, has announced that it has integrated Benji, a blockchain-integrated record-keeping system, on top of Base, a Coinbase-incubated Ethereum rollup. According to the institution, this move makes it the first organization to build a tokenized fund on top of Base. “Base is a layer 2 blockchain built on Ethereum designed to provide low-cost, secure, and decentralized transactions,” the organization stressed. Jesse Pollak, head of Base and Coinbase Wallet, thanked the $1.66 billion assets under management (AUM) institution for building this product on Base.

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