Overview
- A partnership announced Tuesday between Payward and Franklin Templeton lays out plans for tokenized yield products, tokenized equities, and qualified custody.
- Kraken plans to add Franklin Templeton’s BENJI tokenized money market funds to its platform so institutions can use them as collateral or for cash management.
- Payward’s xStocks framework, which has processed more than $30 billion since 2025, will expand to support actively managed strategies that run on a blockchain.
- The firms say access will focus on institutional clients, with possible availability to retail users in some jurisdictions, and they have not detailed launch dates or required approvals.
- Tokenization maps assets like funds or stocks to blockchain tokens, which can settle faster and move as collateral at any hour, a push that has also drawn BlackRock, Fidelity, and JPMorgan.