According to The Block, global asset manager Franklin Templeton has partnered with Payward, the parent company of cryptocurrency exchange Kraken, to jointly explore the tokenization of traditional investment products. The collaboration will cover tokenized equities, compliant custody, actively managed yield products, and institutional crypto liquidity services. The two companies plan to launch tokenized Franklin Templeton financial products for institutional clients, with potential future expansion to Kraken’s broader user base. Arjun Sethi, Co-CEO of Payward, stated that this partnership will create entirely new product categories that were not possible three years ago. Meanwhile, Payward has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust company charter to further expand its access within the U.S. financial system.
Franklin Templeton and Payward Partner to Explore Tokenized Traditional Financial Products
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Summary
Franklin Templeton has partnered with Payward, Kraken’s parent company, to explore tokenized traditional financial products. The collaboration encompasses tokenized stocks, custody, yield products, and institutional crypto liquidity. The companies aim to launch tokenized offerings for institutional clients, with potential future expansion to retail users. Payward is also pursuing a national trust company charter from the OCC to strengthen its presence in the U.S. financial system. This initiative aligns with increasing institutional adoption and evolving global crypto regulations.
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