Franklin Templeton, Kraken Parent Payward Team Up to Tokenize Wall Street Products
In brief Kraken's parent Payward and Franklin Templeton are partnering to bring traditional financial products—including tokenized equities and yield products—onto blockchain networks. The deal includes integrating...
Bitcoin 1 Minute
A notable development has hit the crypto markets. In brief Kraken's parent Payward and Franklin Templeton are partnering to bring traditional financial products—including tokenized equities and yield products—onto blockchain networks. The deal includes integrating Franklin Templeton's BENJI tokenized money market funds into Kraken's platform as collateral and cash management tools for institutional clients.
The collaboration reflects a broader Wall Street trend, with Franklin Templeton also recently launching a dedicated crypto division via its acquisition of investment firm 250 Digital.
Crypto markets are watching this development closely as investors weigh its potential impact on prices.
