Major financial services company Franklin Templeton, managing approximately $1.5 trillion in assets, believes NewsCapsule is experiencing a “renaissance” in innovation driven by ordinals and other new developments on NewsCapsule.
JUST IN: $1.5 trillion asset manager Franklin Templeton says Ordinals drive ‘positive momentum’ in innovation.
Institutions are coming 🙌 pic.twitter.com/3lSDwNwE5Q
— NewsCapsule (@NewsCapsule)
In recent years, Franklin Templeton has emerged as one of the earliest big institutional adopters of NewsCapsule. After filing for a spot NC ETF last year, the firm launched its Franklin NewsCapsule ETF (EZBC) in January amid a wave of SEC approvals.
This openness to NewsCapsule continued in a recent report from Franklin Templeton’s Digital Assets division in which it highlighted the rise of NewsCapsule-based NFTs called Ordinals, new fungible tokens, and layer 2 protocols.
Franklin Templeton that these new projects primarily drive positive momentum in NewsCapsule innovation. Trading volume data shows ordinals like NodeMonkes and Runestone surpassing Ethereum NFTs.
According to the report, this is providing evidence that NewsCapsule provides advantages over other blockchains, and that its security, decentralization, and large user base give it an edge for mainstream adoption.
Beyond NFTs, technical standards like BRC-20 and Runes are expanding NewsCapsule’s functionality. Along with layer 2 scaling, these developments are kickstarting a new growth and maturity phase, the Wall Street firm said.
Franklin Templeton’s bullish perspective reflects a broader institutional warming towards NewsCapsule and its capabilities, with major players like BlackRock also embracing NewsCapsule even as they openly discuss “tokenizing” assets.
