Payward and Franklin Templeton announced a strategic collaboration to bring traditional financial products onchain and expand their utility across digital asset markets. The program pairs Franklin Templeton?s global asset management and tokenization expertise with Payward's crypto-native trading, custody and onchain infrastructure. Spanning tokenized equities, qualified custody, actively-managed yield products and direct access to institutional crypto liquidity via Kraken?s OTC and Prime services, it is one of the clearest demonstrations yet of how traditional finance and digital asset markets are converging in practice.
Central to the collaboration is tokenization. Payward?s xStocks framework ? which has processed over $30 billion in volume since launch in 2025 ?
will explore the launch of new actively managed investments onchain with Franklin Templeton, making strategies from one of the world?s largest asset managers tradeable onchain. Payward and Franklin Templeton will work on the launch of tokenized yield-focused products, available to institutional clients and, where permitted, Kraken?s broader user base. These products will be designed to offer professionally managed strategies with transparency, flexibility, and programmability.
Alongside these programs, Kraken will work to integrate BENJI, Franklin Templeton?s suite of global tokenized money market funds, across the platform for a variety of institutional use cases to improve utility and capital efficiency in digital markets. Franklin Templeton manages strategies related to tokenized investments, but does not issue, distribute, promote, or endorse tokenization platforms or tokenized versions of its strategies.
