BNB reached a new all-time high of $907.38 on September 10 after Binance announced a partnership with Franklin Templeton to work on tokenized products.
What Triggered BNB’s New Surge?
The all-time high for BNB coincided with a time when the broader cryptocurrency market added $100 billion in value within 24 hours, pushing total crypto capitalization beyond $4 trillion. This rally was linked to new data from the US Producer Price Index showing inflation easing to 2.6%, below forecasts.
How Does the Franklin Templeton Deal Strengthen Binance?
The all-time high for BNB coincided with a new alliance between Binance and Franklin Templeton, a $1.6 trillion asset manager. The collaboration aims to develop tokenized products by leveraging Franklin’s regulatory expertise alongside Binance’s global trading infrastructure. Franklin Templeton EVP Roger Bayston explained that the goal is to create breakthrough investment products targeting institutional and retail demands.
Why Does Tokenization Matter for Institutional Adoption?
Tokenization is moving from concept to mainstream, with Franklin Templeton already operating its Benji platform for digital securities. By partnering with Binance, Franklin expands its reach, providing investors with more avenues to access tokenized assets. Experts believe this shift could accelerate the institutionalization of crypto markets. Sandy Kaul, Franklin Templeton’s Head of Innovation, stated that tokenization is increasingly becoming an institutional-grade strategy rather than an experimental idea.
BNB's all-time high reflects not only favorable macroeconomic conditions but also the increasing link between crypto and traditional finance. With Binance and Franklin Templeton collaborating, tokenization is advancing into a new stage of adoption.
