Franklin Templeton CEO Predicts Cryptocurrency Integration with Traditional Finance

The administration of former US President Donald Trump is expected to develop regulations that encourage the convergence of TradFi with cryptocurrencies, according to Franklin Templeton CEO Jenny Johnson.

She highlighted the potential of blockchain to reduce costs associated with traditional financial instruments.

“It is quite likely that ETFs and mutual funds will eventually be based on blockchain because it is an incredibly efficient technology,” Johnson stated.

According to her, some crypto projects “have enormous potential,” while others will prove to be mere “noise.” 

She compared the current industry situation to the dot-com era, from which emerged several of the largest tech companies of recent decades, though many were “blown away,” the Franklin Templeton head emphasized. 

“I think under the Trump administration we will see more integration between TradFi and the cryptography that we need in some respects. But there needs to be regulatory clarity to connect them. Since this will essentially lead to cost reduction and bring other technology-related innovations,” Johnson concluded.

Back in December 2023, the CEO of Franklin Templeton revealed that she personally invested in cryptocurrencies, including Bitcoin and Ethereum.