Franklin Templeton and Kraken’s parent company, Payward, partner to tokenize traditional assets

PANews, May 12: According to Decrypt, Kraken’s parent company, Payward, has announced a strategic partnership with asset management giant Franklin Templeton to bring select traditional financial products—including tokenized equities and yield products—to the blockchain. The two companies will integrate Franklin Templeton’s tokenized money market fund, BENJI, into the Kraken platform as collateral and cash management tool for institutional clients. Payward’s xStocks framework, which has processed over $30 billion in trading volume since its launch last year, will collaborate with Franklin Templeton to explore new on-chain actively managed products, making their investment strategies accessible to institutions and select retail investors in specific jurisdictions.