CEOInterviews.AIJennifer Johnson on tokenization
From SkyBridge Capital's Anthony Scaramucci & Franklin Templeton's Jenny Johnson at Semafor World Economy · · Semafor Events
“We have the only at Franklin Templeton onchain, natively onchain tokenized money market fund. When we filed for our tokenized money market fund, I said that's funny, nobody ever asked me what programming language our shareholder recordkeeping system was on until it was on blockchain. We did about 50,000 transactions in that window. Cost us about $130 a transaction to do it on the old system. It cost us in total $11.13 in total on the 50,000. We picked the right chain. The difference in efficiency is huge. Our old money market fund, you needed $500 to open an account because anything less than that meant the other participants were subsidizing you. Our Benji product, you need $20 and we probably could go down to $5 because it's built on blockchain.”
On , Jennifer Johnson, Chief Executive Officer & Director at Franklin Resources Inc, spoke about tokenization during SkyBridge Capital's Anthony Scaramucci & Franklin Templeton's Jenny Johnson at Semafor World Economy on Semafor Events.
About Jennifer Johnson
Jennifer Johnson, CEO and director of Franklin Resources, appeared at TOKEN2049 in Singapore in October 2026, where she and Animoca Brands co-founder Yat Siu announced a strategic collaboration to expand institutional access to tokenized real-world assets through the NUVA vault marketplace. In the discussion, Johnson stated that blockchain technology would naturally become the rails of financial services and predicted that all financial services would be on blockchain rails by 2040, citing its efficiency and ability to reach the roughly 1.5 billion people without access to traditional banking. She also noted that tokenization makes assets machine-readable, which she said would enable AI agents to become major buyers in a machine economy. In interviews and podcast appearances during September and October 2026, Johnson discussed Franklin Templeton's use of AI, stating the firm had seen productivity and sales gains, including an 11% uplift in sales and 23% more clients from reduced administrative work. She said the company could not afford to slow AI adoption despite unclear payoff and described the technology as not yet having entered the system, comparing its potential impact to electricity taking 30 years to reach manufacturing. Johnson also commented on markets, saying the regulatory environment under the current administration was friendlier, that productivity was at an all-time high with no AI contribution yet, and that despite sticky inflation and potential rate hikes, corporate earnings and consumer strength made 2026 a year of resilience. She also discussed blockchain's benefits, including a single source of truth that eliminates reconciliation costs, and highlighted the importance of starting to invest early, saying that $5,000 saved annually from age 20 to 29 would compound to more than starting at age 30.
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