Kraken parent, Franklin Templeton to develop onchain investment products
Payward (Kraken's parent) partners with Franklin Templeton to develop tokenized investment products including yield instruments, equities, and custody services for institutional investors. The collaboration integrates Franklin Templeton's BENJI money market funds into Kraken, enabling 24/7 collateral movement. This reflects broader Wall Street adoption of blockchain-based finance, following similar moves by BlackRock and JPMorgan. Some products may reach retail Kraken users in certain jurisdictions.
Key takeaways
- 1Payward (Kraken parent) and Franklin Templeton will develop tokenized yield products, equities, and custody services for institutional investors on blockchain.
- 2Kraken will integrate Franklin Templeton's BENJI tokenized money market funds enabling 24/7 collateral movement instead of banking hours settlement.
- 3Kraken's xStocks platform processed over $30 billion in trading volume since launching in 2025, demonstrating institutional demand for tokenized assets.
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Why it matters
This partnership signals mainstream Wall Street adoption of blockchain finance alongside BlackRock and JPMorgan, potentially bringing institutional-grade tokenized products to Indian retail Kraken users in eligible jurisdictions. Tokenized assets enable faster settlement and continuous trading, modernizing India's investment infrastructure as global financial firms shift onchain.
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