ChainCatcher report, 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 a 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. Franklin Templeton has also advanced its crypto division, Franklin Crypto, through the acquisition of crypto investment firm 250 Digital.
Franklin Templeton Partners with Kraken’s Parent to Tokenize Assets
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Summary
Franklin Templeton has partnered with Payward, Kraken’s parent company, to tokenize real-world assets (RWA) and accelerate institutional adoption. The collaboration will introduce the tokenized money market fund BENJI to Kraken for institutional cash management. Payward’s xStocks framework, which has processed over $30 billion, will collaborate with Franklin Templeton to develop new on-chain products targeting both institutions and select retail investors. This move follows Franklin Templeton’s recent acquisition of 250 Digital to expand its crypto operations.
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