Kraken and Franklin Templeton partner to bring tokenized investment products onchain
Tech Kraken and Franklin Templeton partner to bring tokenized investment products onchain 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 Templetons 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 develop actively managed onchain strategies under Franklin Templeton‘s brand. These are yield-focused products that will be managed by Franklin Templeton’s investment team but delivered through blockchain infrastructure. Third, the partnership will tap into Paywards xStocks framework, which facilitates tokenized equity trading. That framework has processed over $30B in trading volume since it launched in 2025. Initial access will be targeted at institutional clients. Retail