Franklin Templeton and Kraken’s parent company to explore new onchain investments
Franklin Templeton and Kraken's parent company are partnering to tokenize traditional investments and explore new onchain products.Summary
Global asset manager Franklin Templeton and Payward, the parent company of crypto exchange Kraken, have formed a partnership to explore new ways to tokenize traditional investment products. This collaboration aims to cover tokenized equities, qualified custody, yield products, and institutional crypto liquidity access. The firms intend to launch tokenized versions of Franklin Templeton's financial instruments, potentially including products for Kraken's wider user base. Kraken already offers tokenized equities through its xStocks feature, which has seen significant trading volume. This partnership signifies a growing convergence between traditional finance and digital asset markets, with both companies looking to deepen this integration and create novel financial products.
(Source：The Block)