Kraken Parent, Franklin Templeton Forge Tokenized Investment Partnership

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AuthorSatyam Jha|Published at:
Kraken Parent, Franklin Templeton Forge Tokenized Investment Partnership
Overview

Kraken parent Payward and asset manager Franklin Templeton are collaborating to develop a suite of blockchain-based investment products. The partnership aims to expand tokenized financial offerings, including tokenized yield, equities, and custody services, for institutional investors. This move signals increasing institutional adoption of tokenized traditional assets, following trends set by major financial firms.

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The collaboration aims to leverage Franklin Templeton’s extensive experience in blockchain-based products with Payward’s crypto trading infrastructure, including Kraken’s exchange and its xStocks tokenized equities platform, which has reportedly processed over $30 billion in trading volume since its inception.

Institutional Push for Tokenization

This joint venture will explore actively managed tokenized investment products designed for onchain trading, potentially expanding access to both institutional and, in certain jurisdictions, retail investors on Kraken's platform. A key component of the partnership involves integrating Franklin Templeton’s BENJI suite of tokenized money market funds into the Kraken ecosystem.

Collateral and Cash Management Solutions

The integration of BENJI funds is anticipated to offer institutional trading clients enhanced collateral and cash management tools. These tokenized Treasury funds are emerging as a significant growth area in digital assets, providing yields tied to government securities while operating on blockchain rails. This allows for continuous collateral movement, bypassing traditional banking hours and multi-day settlement periods.

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