BNB is firmly stable above $1000, and Franklin Templeton plans to expand its empire to the BNB chain!
BNB
$1,017.46
+0.06% (and the drop is not on the table here!)
Hey crypto lovers, get ready for the explosion! Franklin Templeton, the asset management giant, has announced a bold plan to expand its token platform "Bungee" to the BNB chain. This is not just a simple update; it's a revolution in the world of digital tokens! After a strategic partnership with Binance, Franklin will bring its traditional assets into the blockchain world at lightning speed, opening new doors for investors everywhere.
The price of BNB settled above $1000 on Thursday, after the announcement that ignited the markets. Imagine: BNB soaring high, supported by a giant like Franklin Templeton! Roger Bayston, Head of Digital Assets at Franklin, said: "We are here to meet the needs of investors wherever they are, pushing the boundaries of tokens with security and compliance at the forefront." What a vision!
The "Bungee" platform is Franklin's secret weapon, turning traditional assets into digital tokens on public blockchains. Remember the FOBXX fund they launched in 2021? It was the first U.S. money market fund on the blockchain – and now they're expanding to BNB to become bigger!
Sarah Song, Head of Business Development at the BNB chain, added: "This move proves that BNB is ready to support large and organized assets. We're talking about a robust network that supports innovation on a wide scale!"
In 2025, tokens will be at their peak! Major institutions like Kraken and Robinhood are trading tokenized versions of stocks, and Nasdaq is seeking SEC approval to integrate tokens with the traditional. This is the golden age of crypto, and BNB is at the forefront!
Technically, BNB is trading at $1016, bouncing from an upward trend line since July 28, supported by the 20-day moving average. If it drops? Strong support at $920. But the rise? Exceeding $1083 will open the gates of heaven for a new upward trend!
BNB is not just a currency – it’s the future! Are you ready to ride? 💥 #BNBToTheMoon #BinanceHODLerXPL #Binance
