Kraken parent, Franklin Templeton to develop onchain investment products
Key takeaways
- The partnership will focus on tokenized yield products, blockchain-based funds and institutional crypto markets.By Helene Braun|Edited by Sheldon Reback May 12, 2026, 1:30 p.m.
- The companies said Tuesday they will develop a range of blockchain-based investment offerings, including tokenized yield products, tokenized equities and custody services tied to digital assets.
- The move comes as large financial firms explore testing tokenized versions of conventional assets.
The partnership will focus on tokenized yield products, blockchain-based funds and institutional crypto markets.By Helene Braun|Edited by Sheldon Reback May 12, 2026, 1:30 p.m. 2 min read Make preferred on Payward and Kraken co-CEO Arjun Sethi. (Coin Desk)What to know: Payward, the parent of crypto exchange Kraken, is working with asset manager Franklin Templeton to develop a range of tokenized financial products for institutional investors.The collaboration will focus on blockchain-based offerings such as tokenized yield products, tokenized equities, custody services and actively managed onchain funds, some of which may be available to retail Kraken users in certain jurisdictions.Kraken plans to integrate Franklin Templeton’s BENJI tokenized money market funds as collateral and cash management tools, reflecting broader Wall Street interest in tokenized Treasuries and funds that can move collateral around the clock.Payward, the parent company of crypto exchange Kraken, is working with asset manager Franklin Templeton to expand the use of tokenized financial products for institutional investors.
The companies said Tuesday they will develop a range of blockchain-based investment offerings, including tokenized yield products, tokenized equities and custody services tied to digital assets.
The move comes as large financial firms explore testing tokenized versions of conventional assets. BlackRock, Fidelity and JPMorgan have all expanded blockchain-related financial products over the past two years, particularly tokenized Treasuries and money market funds.