Franklin Templeton CEO Says Blockchains Threaten Wall Street’s Fee Model

Wall Street’s revenue model relies heavily on fee‑based services. Franklin Templeton’s chief executive warned that blockchains challenge this model. He emphasized that the technology itself is not the problem. The concern centers on competition from decentralized finance platforms. The comment was made in an interview reported by MEXC. It highlights growing anxiety among traditional asset managers. Firms may need to adapt fee structures to stay competitive. Analysts will monitor any strategic shifts prompted by the warning.