Kraken parent, Franklin Templeton to develop onchain investment products

The partnership will focus on tokenized yield products, blockchain-based funds and institutional crypto markets.\nWhat to know : Payward, the parent of crypto exchange Kraken, is working with asset manager Franklin Templeton to develop a range of tokenized financial products for institutional investors. The collaboration will focus on blockchain-based offerings such as tokenized yield products, tokenized equities, custody services and actively managed onchain funds, some of which may be available to retail Kraken users in certain jurisdictions. Kraken plans to integrate Franklin Templeton’s BENJI tokenized money market funds as collateral and cash management tools, reflecting broader Wall Street interest in tokenized Treasuries and funds that can move collateral around the clock.