How Binance and Franklin Templeton blur the line between crypto and Wall Street – DL News

The Roundup

  • Crypto is starting to look a lot like Wall Street.
  • Industry-native firms are merging their services with traditional finance.
  • Binance and Taoshi are two firms to make moves like that this week.

A version of this article appeared in our The Roundup newsletter on September 12. Sign up here.

Hi, Eric here.

It’s about to get harder to see where crypto ends and traditional finance starts.

On Thursday, Binance, the crypto industry’s largest exchange by trading volume, announced a new tokenisation mashup with the almost 80-year-old Wall Street stalwart, Franklin Templeton.

“There is a significant market opportunity as traditional and crypto markets merge,” a Binance spokesperson told me as the crypto exchange announced a…

Source link