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Kraken parent Payward, Franklin Templeton to launch new suite of tokenized yield products

Crypto Briefing
Payward and Franklin Templeton are partnering to develop new tokenized investment products and onchain financial solutions.

Summary

Payward, the parent company of Kraken, has partnered with Franklin Templeton to launch a series of tokenized financial products. The collaboration leverages Payward’s xStocks framework and Kraken’s infrastructure alongside Franklin Templeton’s asset management expertise. Key initiatives include the integration of Franklin Templeton’s BENJI tokenized money market funds and the development of new yield-generating assets aimed at institutional and eligible retail investors. The partnership seeks to bridge the gap between traditional finance and digital infrastructure, emphasizing transparency and capital efficiency.

(Source:Crypto Briefing)