Kraken Parent Taps Franklin Templeton for Onchain Push

TLDR Payward, the parent company of Kraken, has partnered with Franklin Templeton to develop onchain investment products. The companies plan to launch tokenized yield products, tokenized equities, and digital asset custody services. Kraken will integrate Franklin Templeton’s BENJI tokenized money market funds into its platform. The BENJI funds may serve as collateral and cash management tools for institutional trading clients. Payward stated that its xStocks platform has processed more than $30 billion in trading volume since 2025. Payward Inc., the parent company of Kraken, has partnered with Franklin Templeton to expand tokenized investment products for institutions. The companies will create blockchain-based offerings, including tokenized yield strategies, equities, and custody services. They confirmed the plan on Tuesday and outlined product integration across their platforms. Kraken Parent Expands Tokenized Product Suite Payward will work with Franklin Templeton to launch tokenized financial instruments on blockchain networks. The firms will develop tokenized yield products and tokenized equities for institutional clients. They will also build custody services tied to digital assets on Kraken’s infrastructure. The companies said they plan to introduce actively managed tokenized strategies that trade directly onchain. In some regions, Kraken may offer certain products to eligible retail users. Payward stated that its xStocks platform has processed over $30 billion in trading volume since launching in 2025. Kraken will integrate BENJI, Franklin Templeton’s tokenized money market fund platform, into its exchange. The firms said these funds may serve as collateral for institutional trading accounts. They added that institutions could use tokenized funds for blockchain-based cash management operations. A company statement said, “This collaboration aims to broaden access to tokenized financial products.” The firms confirmed they will focus on regulated investment ...