BNB Reaches Record $929 After Binance Announces Collaboration with Franklin Templeton

Binance Coin, launched in 2017, reached a new all-time high today, surpassing $929.90 earlier this morning amid recent developments in the crypto market today, as the token surpassed $929.90 earlier in the morning, setting a new record.

BNB is currently trading at $925.59 and has a market capitalisation of $129.04 billion, according to Binance's website. BNB's trading volume during the last 24 hours has been $2.63 billion, which indicates engagement in the cryptocurrency market from investors.

A week ago, Binance Coin (BNB) was trading at $856.31 which marks 8.04 per cent increase to its current levels.

A week ago, Binance Coin (BNB) was trading at $856.31 which marks 8.04 per cent increase to its current levels.

The recent surge comes after Binance's announcement of a collaboration with Franklin Templeton. According to official release, a global investment firm managing $1.6 trillion in assets. The partnership focuses on developing digital asset initiatives and solutions for a wide range of investors.

Both Binance and Franklin Templeton outlined their goals to show digital asset projects and solutions for a diverse range of investors in an official statement.

Sandy Kaul, EVP and Head of Innovation at Franklin Templeton, said, "As these tools and technologies evolve from the fringes to the financial mainstream, partnerships like this one will be essential to accelerating adoption. By working with Binance, we can harness tokenisation to bring institutional-grade solutions to a wider set of investors and help bridge the worlds of traditional and decentralised finance."

Catherine Chen, Head of VIP & Institutional at Binance, said, "Our strategic collaboration with Franklin Templeton to develop new products and initiatives furthers our commitment to bridge crypto with traditional capital markets and open up greater possibilities."

The recent gains in Binance Coin come amid broader movements in the cryptocurrency market. Bitcoin (BTC) is trading above $115,743, recovering from recent lows, while Ethereum (ETH) has climbed above $4,709. Other significant altcoins include XRP at $3.11, Avalanche increased by 6 per cent at 30.25 and Solana at $242. These changes represent increased activity and trading volumes across numerous cryptocurrencies in recent days.