Franklin Templeton CEO: Public blockchains are expected to replace some TradFi infrastructure, releasing new value for investors.

On June 14, Fortune reported that Franklin Templeton CEO Jenny Johnson said that public blockchains are evolving into ultra-efficient coordination machines that are expected to replace some of the traditional financial infrastructure while unlocking new value for investors. Solana, one of the first blockchains to focus on institutional investors, has demonstrated the processing power of nearly 65,000 transactions per second, a figure comparable to the Visa network. Sui is a newer blockchain, and its transaction processing speed is almost twice as fast. With the upcoming upgrade, public chains may soon be able to increase their throughput to hundreds of thousands or even millions of transactions per second. Decentralized exchanges like Uniswap, which allow peer-to-peer market making without the need for custody, are catching up with their centralized counterparts on traditional exchanges, processing trillions of dollars in transactions each year. As these systems increase in speed, their authentication and security features have also been significantly improved, not only to protect against hackers, but also to better verify identities and asset ownership. The transformation of digital asset technology will not be slow or gradual. In the next five years, our industry is expected to grow faster than in the past 50 years.