Kraken parent Payward, Franklin Templeton plan onchain investment products
CoinDesk
Payward, the parent company of Kraken, is partnering with Franklin Templeton to develop tokenized investment products for institutional investors.Summary
Payward, the parent company of the cryptocurrency exchange Kraken, has announced a strategic partnership with global asset manager Franklin Templeton to create a suite of blockchain-based financial products. This collaboration aims to develop tokenized yield products, tokenized equities, and digital asset custody services to cater to institutional investors. By leveraging blockchain technology, the companies intend to improve market efficiency, reduce settlement times, and expand accessibility for digital assets. Furthermore, Kraken plans to integrate Franklin Templeton’s BENJI suite of tokenized money market funds into its platform, providing institutional clients with new options for collateral and cash management.
(Source：CoinDesk)