Kraken and Franklin Templeton partner to bring tokenized investment products onchain
The post Kraken and Franklin Templeton partner to bring tokenized investment products onchain appeared on BitcoinEthereumNews.com. One of the largest crypto exchanges and one of the oldest asset managers in the US just decided to build something together. Payward Inc., the parent company of Kraken, is partnering with Franklin Templeton to develop tokenized investment products that live on blockchain rails. The collaboration spans tokenized equities, actively managed yield products, and the integration of Franklin Templeton’s BENJI money market fund into Kraken’s digital asset infrastructure. What the partnership actually involves First, Kraken will integrate Franklin Templeton’s BENJI money market fund as a collateral asset and cash management tool for institutional clients. Institutional traders on Kraken will be able to park cash in a tokenized money market fund and use it as collateral, rather than letting dollars sit idle in an account earning nothing. Second, the two firms plan to